# PPP loan: LEONARD AUTOMATICS, INC.
> **$502K** approved 01/21/2021 · Paid in Full · Loan `2848618308`
## Borrower
- **Name:** LEONARD AUTOMATICS, INC.
- **Address:** 5894 Balsom Ridge Rd, Denver, NC, 28037-9233
- **NAICS:** 333111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $551K
- **Forgiven:** $506K (101%)
- **Forgiveness date:** 09/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $502K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** HomeTrust Bank
- **Servicing:** HomeTrust Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*