AUTOMATED CONTROLS & ELECTRICAL SUPPLY LLC (IN) - 2020 PPP Loan Borrower Profile (# 5377057208)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AUTOMATED CONTROLS & ELECTRICAL SUPPLY LLC. 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 Indiana.

Loan Detail

Loan Number

5377057208

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$125,000

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$126,328.77

Date Loan was Forgiven

Jun 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

125,000

Lender

Wayne Bank and Trust Co

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423610

Borrower Location

RICHMOND, IN

Project Location

RICHMOND, IN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.