# PPP loan: AUTOMATIC MACHINE PRODUCTS CO.
> **$504K** approved 01/22/2021 · Paid in Full · Loan `3460108306`
## Borrower
- **Name:** AUTOMATIC MACHINE PRODUCTS CO.
- **Address:** 400 Constitution Dr, Taunton, MA, 02780-7360
- **NAICS:** 332911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $504K
- **Initial approval:** $504K
- **Forgiven:** $507K (101%)
- **Forgiveness date:** 08/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $504K
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** Webster Five Cents Savings Bank
- **Servicing:** Webster Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*