# PPP loan: AUTOMATIC EQUIPMENT SALES & SERVICE INC
> **$312K** approved 01/22/2021 · Paid in Full · Loan `3483978301`
## Borrower
- **Name:** AUTOMATIC EQUIPMENT SALES & SERVICE INC
- **Address:** 1747 Northridge Dr NW, Grand Rapids, MI, 49544-9130
- **NAICS:** 423420
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $314K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $312K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** ChoiceOne Bank
- **Servicing:** ChoiceOne Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*