PPP Loan information for System automation corporation

$686,500

System automation corporation was initially approved for PPP Loan of amount $686,500, the current approved amount is $686,500. The loan was approved on 04/14/2020 by The Truist Bank reported 35 jobs and $686,500 was used to fund payroll.

System automation corporation is Existing or more than 2 years old

PPP Loan Search / MD / COLUMBIA / System automation corporation

SYSTEM AUTOMATION CORPORATION

Date Approved

04/14/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SYSTEM AUTOMATION CORPORATION

Borrower Address

7110 SAMUEL MORSE DR ste 100

Borrower City

COLUMBIA

Borrower State

MD

Borrower Zip

21046-3436

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

686500.00

Current Approval Amount

686500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COLUMBIA

Project County Name

HOWARD

Project State

MD

Project Zip

21046-3436

CD

MD-03

Jobs Reported

35

NAICS Code

511210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

686500.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

694451.96

Forgiveness Date

06/15/2021

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