PPP Loan information for Automated conveyor systems, inc.

$3,554,100

Automated conveyor systems, inc. was initially approved for PPP Loan of amount $3,554,100, the current approved amount is $3,554,100. The loan was approved on 04/09/2020 by The Truist Bank reported 237 jobs and $3,554,100 was used to fund payroll.

Automated conveyor systems, inc. is Existing or more than 2 years old

PPP Loan Search / VA / LYNCHBURG / Automated conveyor systems, inc.

AUTOMATED CONVEYOR SYSTEMS, INC.

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

AUTOMATED CONVEYOR SYSTEMS, INC.

Borrower Address

6 Millrace Drive

Borrower City

LYNCHBURG

Borrower State

VA

Borrower Zip

24502-4342

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3554100.00

Current Approval Amount

3554100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LYNCHBURG

Project County Name

LYNCHBURG CITY

Project State

VA

Project Zip

24502-4342

CD

VA-05

Jobs Reported

237

NAICS Code

333922

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3554100.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3595169.60

Forgiveness Date

06/11/2021

;