# PPP loan: AUTOMATED POWER INC.
> **$425K** approved 04/04/2020 · Paid in Full · Loan `4786137008`
## Borrower
- **Name:** AUTOMATED POWER INC.
- **Address:** 4364 Mangum Dr, FLOWOOD, MS, 39232-2111
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $425K
- **Initial approval:** $425K
- **Forgiven:** $428K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $395K
- **Rent:** $24K
- **Utilities:** $7K
- **Jobs reported:** 26
## Lender
- **Originating:** First Commercial Bank
- **Servicing:** First Commercial Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*