# PPP loan: AMERICAN TRACTION SYSTEMS INC
> **$246K** approved 02/11/2021 · Paid in Full · Loan `7111598400`
## Borrower
- **Name:** AMERICAN TRACTION SYSTEMS INC
- **Address:** 10076 Bavaria Rd, Fort Myers, FL, 33913-8507
- **NAICS:** 335314
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $247K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $246K
- **Jobs reported:** 12
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*