ABCO AUTOMATION, INC. (NC) - 2020 PPP Loan Borrower Profile (# 8359827007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABCO 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 North Carolina.

Loan Detail

Loan Number

8359827007

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$2,127,300

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$2,151,645.77

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

2,127,300

Lender

First National Bank of Pennsylvania

Business Detail

Business Type

Employee Stock Ownership Plan(ESOP)

NAICS

333249

Borrower Location

BROWNS SUMMIT, NC

Project Location

BROWNS SUMMIT, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

126

Business Age Description

Existing or more than 2 years old

Data Source: SBA.