AUTOMATED PRECISION INC. (MD) - 2020 PPP Loan Borrower Profile (# 4689288306)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AUTOMATED PRECISION 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 Maryland.

Loan Detail

Loan Number

4689288306

SBA Office Code

0353

Processing Method

PPS

Curent Loan Amount

$2,000,000

Date Loan was Approved

Jan 23, 2021

Amount Forgiven

$2,030,958.9

Date Loan was Forgiven

Aug 15, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,999,997

Lender

Fulton Bank, National Association

Business Detail

Business Type

Corporation

NAICS

339999

Borrower Location

Rockville, MD

Project Location

Rockville, MD

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

158

Business Age Description

Existing or more than 2 years old

Data Source: SBA.