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Automatic Products Corp.

$963,600 PPP Loan in Garland, Texas

Loan Details

Loan Number
1747087108
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$963,600
Current Approval
$963,600
Forgiveness Amount
$969,246
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Automatic Products Corp.
Address
2735 Forest Ln
City
Garland
State
Texas
ZIP Code
75042-6510
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
76
Estimated Revenue
$18.6M
Rural/Urban
Urban
Congressional District
TX-05

Loan Use Breakdown

Payroll
$722,726
Rent
$80,292
Utilities
$80,291
Mortgage Interest
$80,291

Lender Information

Servicing Lender
Vista Bank
Originating Lender
Vista Bank

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