# PPP loan: WORKHORSE AUTOMATION INC.
> **$304K** approved 01/23/2021 · Paid in Full · Loan `4585538304`
## Borrower
- **Name:** WORKHORSE AUTOMATION INC.
- **Address:** 551 Union School Rd, Oxford, PA, 19363-1290
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $304K
- **Initial approval:** $304K
- **Forgiven:** $305K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $304K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*