# PPP loan: PRODUCTION AUTOMATION CORPORATION
> **$622K** approved 04/07/2020 · Paid in Full · Loan `7654457001`
## Borrower
- **Name:** PRODUCTION AUTOMATION CORPORATION
- **Address:** 121 CHESHIRE LN suite 120, HOPKINS, MN, 55305-1051
- **NAICS:** 423490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $622K
- **Initial approval:** $622K
- **Forgiven:** $626K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $622K
- **Jobs reported:** 49
## Lender
- **Originating:** Bell Bank
- **Servicing:** Bell Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*