# PPP loan: ADVANCED CAPITAL GROUP, INC.
> **$474K** approved 04/06/2020 · Paid in Full · Loan `5619957004`
## Borrower
- **Name:** ADVANCED CAPITAL GROUP, INC.
- **Address:** 50 South Sixth Street, STE 975, MINNEAPOLIS, MN, 55402-1239
- **NAICS:** 523930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $479K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $356K
- **Health care:** $119K
- **Jobs reported:** 33
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*