# PPP loan: ADVANCED FARM EQUIPMENT, LLC
> **$290K** approved 04/08/2020 · Paid in Full · Loan `7715767005`
## Borrower
- **Name:** ADVANCED FARM EQUIPMENT, LLC
- **Address:** 5773 CRYSTAL RD, VESTABURG, MI, 48891-9706
- **NAICS:** 333111
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $290K
- **Initial approval:** $290K
- **Forgiven:** $292K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $217K
- **Rent:** $24K
- **Mortgage interest:** $893
- **Utilities:** $14K
- **Health care:** $28K
- **Debt interest:** $6K
- **Jobs reported:** 25
## Lender
- **Originating:** Mercantile Bank
- **Servicing:** Mercantile Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*