# PPP loan: ADVANTAGE ELECTRIC SERVICES, L.L.C.
> **$572K** approved 05/01/2020 · Paid in Full · Loan `1650607701`
## Borrower
- **Name:** ADVANTAGE ELECTRIC SERVICES, L.L.C.
- **Address:** 2238 Traversefield Drive, Traverse City, MI, 49686
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $572K
- **Initial approval:** $572K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $432K
- **Rent:** $9K
- **Utilities:** $7K
- **Health care:** $125K
- **Jobs reported:** 37
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*