Automated Control Systems, Inc.

$297,945 PPP Loan in Brighton, Michigan

Loan Details

Loan Number
1125537107
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$297,945
Current Approval
$297,945
Forgiveness Amount
$299,908
Forgiveness Date
Dec 14, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Automated Control Systems, Inc.
Address
2648 Cades Cv
ZIP Code
48114
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335314)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.8M
Rural/Urban
Rural
Congressional District
MI-07

Loan Use Breakdown

Payroll
$226,117
Rent
$28,600
Utilities
$6,100
Health Care
$31,328
Debt Interest
$5,800

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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