# PPP loan: ADVANTA INDUSTRIES INC
> **$368K** approved 04/05/2020 · Paid in Full · Loan `5324717005`
## Borrower
- **Name:** ADVANTA INDUSTRIES INC
- **Address:** 15777 Ida West Rd, PETERSBURG, MI, 49270-9595
- **NAICS:** 339999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $368K
- **Initial approval:** $368K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $293K
- **Rent:** $30K
- **Utilities:** $45K
- **Jobs reported:** 26
## Lender
- **Originating:** Waterford Bank, National Association
- **Servicing:** Waterford Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*