# PPP loan: SUSSMAN AUTOMATIC CORP
> **$1.23M** approved 04/07/2020 · Paid in Full · Loan `6590307008`
## Borrower
- **Name:** SUSSMAN AUTOMATIC CORP
- **Address:** 4230 34th Ave, LONG ISLAND CITY, NY, 11101-1110
- **NAICS:** 333999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.23M
- **Jobs reported:** 71
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*