# PPP loan: AUTOMATIC PROTECTION SYSTEMS, INC.
> **$220K** approved 04/29/2020 · Paid in Full · Loan `4380317308`
## Borrower
- **Name:** AUTOMATIC PROTECTION SYSTEMS, INC.
- **Address:** 368 Broad Street, Keyport, NJ, 07735-1619
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 14
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*