# PPP loan: ADVANCED INDUSTRIES, INC.
> **$1.19M** approved 04/13/2020 · Paid in Full · Loan `5294207101`
## Borrower
- **Name:** ADVANCED INDUSTRIES, INC.
- **Address:** 301 RL Kelly Street, ODESSA, MO, 64076-1704
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.19M
- **Initial approval:** $1.19M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $950K
- **Rent:** $50K
- **Mortgage interest:** $115K
- **Utilities:** $72K
- **Jobs reported:** 129
## Lender
- **Originating:** Southern Bank
- **Servicing:** Southern Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*