# PPP loan: ADVANCE BAG AND PACKAGING COMPANY
> **$406K** approved 04/29/2020 · Paid in Full · Loan `2652607307`
## Borrower
- **Name:** ADVANCE BAG AND PACKAGING COMPANY
- **Address:** 5720 Williams Lake Rd., Waterford, MI, 48329-3274
- **NAICS:** 424990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $406K
- **Initial approval:** $406K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $325K
- **Mortgage interest:** $81K
- **Jobs reported:** 29
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*