# PPP loan: CONVEYOR & AUTOMATION TECHNOLOGIES, INC.
> **$402K** approved 04/15/2020 · Paid in Full · Loan `1277817205`
## Borrower
- **Name:** CONVEYOR & AUTOMATION TECHNOLOGIES, INC.
- **Address:** 66 Loveton Circle, Sparks Glencoe, MD, 21152
- **NAICS:** 238290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $402K
- **Initial approval:** $402K
- **Forgiven:** $406K (101%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $302K
- **Rent:** $40K
- **Mortgage interest:** $9K
- **Utilities:** $12K
- **Health care:** $22K
- **Debt interest:** $17K
- **Jobs reported:** 27
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*