# PPP loan: AUTOMATIC PAYROLL SYSTEMS, INC
> **$1.48M** approved 04/06/2020 · Paid in Full · Loan `6185147004`
## Borrower
- **Name:** AUTOMATIC PAYROLL SYSTEMS, INC
- **Address:** 3010 KNIGHT ST SUITE 300, SHREVEPORT, LA, 71105-2502
- **NAICS:** 541214
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.11M
- **Mortgage interest:** $185K
- **Utilities:** $185K
- **Jobs reported:** 122
## Lender
- **Originating:** Origin Bank
- **Servicing:** Origin Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*