# PPP loan: AUTOMATED CONVEYOR SYSTEMS INC
> **$830K** approved 04/06/2020 · Paid in Full · Loan `6222677010`
## Borrower
- **Name:** AUTOMATED CONVEYOR SYSTEMS INC
- **Address:** 3850 SOUTHLAND DR, WEST MEMPHIS, AR, 72301-6304
- **NAICS:** 333922
- **Business type:** Trust
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $830K
- **Initial approval:** $830K
- **Forgiven:** $840K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $830K
- **Jobs reported:** 76
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*