# PPP loan: AUTOMATED PROCESS EQUIPMENT CORPORATION
> **$821K** approved 04/05/2020 · Paid in Full · Loan `5574847001`
## Borrower
- **Name:** AUTOMATED PROCESS EQUIPMENT CORPORATION
- **Address:** 1201 4th Ave, LAKE ODESSA, MI, 48849-1301
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $821K
- **Initial approval:** $821K
- **Forgiven:** $826K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $708K
- **Health care:** $113K
- **Jobs reported:** 51
## Lender
- **Originating:** Union Bank
- **Servicing:** Union Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*