PPP Loan information for Automated production systems, inc.

$562,500

Automated production systems, inc. was initially approved for PPP Loan of amount $562,500, the current approved amount is $562,500. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 29 jobs and $562,500 was used to fund payroll.

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

PPP Loan Search / MI / STERLING HEIGHTS / Automated production systems, inc.

AUTOMATED PRODUCTION SYSTEMS, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AUTOMATED PRODUCTION SYSTEMS, INC.

Borrower Address

33424 dequindre rd, suite b suite b

Borrower City

STERLING HEIGHTS

Borrower State

MI

Borrower Zip

48310

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

562500.00

Current Approval Amount

562500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

STERLING HEIGHTS

Project County Name

MACOMB

Project State

MI

Project Zip

48310-0899

CD

MI-10

Jobs Reported

29

NAICS Code

541330

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2500.00

Payroll Proceed

495000.00

Mortgage Interest Proceed

0.00

Rent Proceed

15000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

50000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

566312.81

Forgiveness Date

01/06/2021

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