AUTOMATION INC (DE) - 2020 PPP Loan Borrower Profile (# 9223767106)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to AUTOMATION INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.
You can see similar information for other borrowers in Delaware.
Loan Detail
Loan Number
9223767106
SBA Office Code
0341
Processing Method
PPP
Curent Loan Amount
$52,400
Date Loan was Approved
Apr 15, 2020
Amount Forgiven
$52,754.6
Date Loan was Forgiven
Dec 31, 2020
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
1,200
Payroll Proced
49,200
Mortgage Interest Proceed
0
Rent Proceed
2,000
Refinance EIDL Proceed
0
Health Care Proceed
0
Debt Interest Proceed
0
Lender
Manufacturers and Traders Trust Company
Business Detail
Business Type
Corporation
NAICS
333249
Borrower Location
Newport, DE
Project Location
Newport, DE
Rural/Urban
Urban
Hubzone
Yes
Labor Market Information (LMI)
Yes
Jobs Reported
12
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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