# PPP loan: AUTOMATED CONTROL LOGIC, INC.
> **$405K** approved 04/09/2020 · Paid in Full · Loan `9027627004`
## Borrower
- **Name:** AUTOMATED CONTROL LOGIC, INC.
- **Address:** 578 Commerce Street, Thornwood, NY, 10594-1327
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $405K
- **Forgiven:** $409K (101%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $372K
- **Rent:** $14K
- **Utilities:** $19K
- **Jobs reported:** 20
## Lender
- **Originating:** New York Business Development Corporation
- **Servicing:** New York Business Development Corporation (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*