# PPP loan: AUTOMATIC CONTROL TECHNOLOGY CORP.
> **$220K** approved 04/16/2020 · Paid in Full · Loan `2456697206`
## Borrower
- **Name:** AUTOMATIC CONTROL TECHNOLOGY CORP.
- **Address:** URB LA RIVIERA 1020 CALLE 3 SW SUITE 1, SAN JUAN, PR, 00921
- **NAICS:** 811219
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $8K
- **Utilities:** $8K
- **Jobs reported:** 36
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*