PPP Loan information for Automatic machine products company

$536,000

Automatic machine products company was initially approved for PPP Loan of amount $531,000, the current approved amount is $536,000. The loan was approved on 04/06/2020 by The Webster Five Cents Savings Bank reported 48 jobs and $536,000 was used to fund payroll.

Automatic machine products company is Existing or more than 2 years old

PPP Loan Search / MA / TAUNTON / Automatic machine products company

AUTOMATIC MACHINE PRODUCTS COMPANY

Date Approved

04/06/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

AUTOMATIC MACHINE PRODUCTS COMPANY

Borrower Address

400 CONSTITUTION DR

Borrower City

TAUNTON

Borrower State

MA

Borrower Zip

02780-7360

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

531000.00

Current Approval Amount

536000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33428

Servicing Lender Name

Webster Five Cents Savings Bank

Servicing Lender Address

136 Thompson Rd

Servicing Lender City

WEBSTER

Servicing Lender State

MA

Servicing Lender Zip

01570-1416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TAUNTON

Project County Name

BRISTOL

Project State

MA

Project Zip

02780-7360

CD

MA-04

Jobs Reported

48

NAICS Code

333249

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

536000.00

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

33428

Originating Lender

Webster Five Cents Savings Bank

Originating Lender City

WEBSTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

533979.50

Forgiveness Date

11/05/2020

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