# PPP loan: AUTOMATED INDUSTRIAL TECHNOLOGIES, INC.
> **$494K** approved 04/06/2020 · Paid in Full · Loan `6391927003`
## Borrower
- **Name:** AUTOMATED INDUSTRIAL TECHNOLOGIES, INC.
- **Address:** 1067 Winewood Road, FOREST, VA, 24551-2092
- **NAICS:** 333515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Rent:** $45K
- **Utilities:** $15K
- **Debt interest:** $9K
- **Jobs reported:** 36
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*