# PPP loan: VERSATECH AUTOMATION SERVICES
> **$2.00M** approved 03/05/2021 · Paid in Full · Loan `7184848502`
## Borrower
- **Name:** VERSATECH AUTOMATION SERVICES
- **Address:** 11349 FM 529 Rd, Houston, TX, 77041-3207
- **NAICS:** 334513
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 256
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*