PPP Loan information for Automate associates inc

$717,000

Automate associates inc was initially approved for PPP Loan of amount $717,000, the current approved amount is $717,000. The loan was approved on 04/27/2020 by The MidWestOne Bank reported 47 jobs and $717,000 was used to fund payroll.

Automate associates inc is New Business or 2 years or less

PPP Loan Search / MN / Plymouth / Automate associates inc

AUTOMATE ASSOCIATES INC

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AUTOMATE ASSOCIATES INC

Borrower Address

2150 Niagara Ln N

Borrower City

Plymouth

Borrower State

MN

Borrower Zip

55447

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

717000.00

Current Approval Amount

717000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25117

Servicing Lender Name

MidWestOne Bank

Servicing Lender Address

102 S Clinton St

Servicing Lender City

IOWA CITY

Servicing Lender State

IA

Servicing Lender Zip

52240-4065

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Plymouth

Project County Name

HENNEPIN

Project State

MN

Project Zip

55447-0001

CD

MN-03

Jobs Reported

47

NAICS Code

332710

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

717000.00

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

Subchapter S Corporation

Originating Lender Location Id

25117

Originating Lender

MidWestOne Bank

Originating Lender City

IOWA CITY

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

728711.00

Forgiveness Date

12/14/2021

;