# PPP loan: AUTOMATION CONTROLS & ENGINEERING, LLC
> **$470K** approved 04/13/2020 · Paid in Full · Loan `4287487101`
## Borrower
- **Name:** AUTOMATION CONTROLS & ENGINEERING, LLC
- **Address:** 23781 POINT O WOODS CT, SOUTH LYON, MI, 48178-9069
- **NAICS:** 334413
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $472K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $376K
- **Rent:** $89K
- **Utilities:** $5K
- **Jobs reported:** 23
## Lender
- **Originating:** Chelsea State Bank
- **Servicing:** Chelsea State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*