# PPP loan: AUTOMATIC SWISS CORPORATION
> **$390K** approved 01/20/2021 · Paid in Full · Loan `2484278300`
## Borrower
- **Name:** AUTOMATIC SWISS CORPORATION
- **Address:** 1130 W National Ave, Addison, IL, 60101-3156
- **NAICS:** 333517
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $393K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $389K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Old Second National Bank
- **Servicing:** Old Second National Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*