# PPP loan: PETRON AUTOMATION INC
> **$314K** approved 04/04/2020 · Paid in Full · Loan `5012017008`
## Borrower
- **Name:** PETRON AUTOMATION INC
- **Address:** 65 MOUNTAIN VIEW RD, WATERTOWN, CT, 06795-1648
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $316K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $314K
- **Jobs reported:** 34
## Lender
- **Originating:** Ion Bank
- **Servicing:** Ion Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*