# PPP loan: AUTEC INC
> **$667K** approved 04/14/2020 · Paid in Full · Loan `7422927110`
## Borrower
- **Name:** AUTEC INC
- **Address:** 2500 W FRONT ST, STATESVILLE, NC, 28677-2998
- **NAICS:** 333318
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $667K
- **Initial approval:** $667K
- **Forgiven:** $679K (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $667K
- **Jobs reported:** 51
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*