PPP Loan information for Production automation corporation

$622,300

Production automation corporation was initially approved for PPP Loan of amount $622,300, the current approved amount is $622,300. The loan was approved on 04/07/2020 by The Bell Bank reported 49 jobs and $622,300 was used to fund payroll.

Production automation corporation is Existing or more than 2 years old

PPP Loan Search / MN / HOPKINS / Production automation corporation

PRODUCTION AUTOMATION CORPORATION

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PRODUCTION AUTOMATION CORPORATION

Borrower Address

121 CHESHIRE LN suite 120

Borrower City

HOPKINS

Borrower State

MN

Borrower Zip

55305-1051

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

622300.00

Current Approval Amount

622300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52771

Servicing Lender Name

Bell Bank

Servicing Lender Address

3100 13th Ave South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58103-3507

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOPKINS

Project County Name

HENNEPIN

Project State

MN

Project Zip

55305-1051

CD

MN-03

Jobs Reported

49

NAICS Code

423490

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

622300.00

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

52771

Originating Lender

Bell Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

625999.23

Forgiveness Date

11/20/2020

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