PPP Loan information for Automated industrial technologies, inc.

$493,730

Automated industrial technologies, inc. was initially approved for PPP Loan of amount $493,730, the current approved amount is $493,730. The loan was approved on 04/06/2020 by The First National Bank reported 36 jobs and $493,730 was used to fund payroll.

Automated industrial technologies, inc. is Existing or more than 2 years old

PPP Loan Search / VA / FOREST / Automated industrial technologies, inc.

AUTOMATED INDUSTRIAL TECHNOLOGIES, INC.

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

AUTOMATED INDUSTRIAL TECHNOLOGIES, INC.

Borrower Address

1067 Winewood Road

Borrower City

FOREST

Borrower State

VA

Borrower Zip

24551-2092

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

493730.00

Current Approval Amount

493730.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73069

Servicing Lender Name

First National Bank

Servicing Lender Address

622 Broad St

Servicing Lender City

ALTAVISTA

Servicing Lender State

VA

Servicing Lender Zip

24517-1830

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOREST

Project County Name

BEDFORD

Project State

VA

Project Zip

24551-2092

CD

VA-05

Jobs Reported

36

NAICS Code

333515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

15000.00

Payroll Proceed

424984.00

Mortgage Interest Proceed

0.00

Rent Proceed

45000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

8746

Business Type

Subchapter S Corporation

Originating Lender Location Id

73069

Originating Lender

First National Bank

Originating Lender City

ALTAVISTA

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

500532.50

Forgiveness Date

09/02/2021

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