# PPP loan: AUTOMATIC CONTROLS EQUIPMENT SYSTEMS, INC.
> **$415K** approved 04/09/2020 · Paid in Full · Loan `9288347001`
## Borrower
- **Name:** AUTOMATIC CONTROLS EQUIPMENT SYSTEMS, INC.
- **Address:** 1585 FENCORP DR, FENTON, MO, 63026-2942
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $415K
- **Initial approval:** $415K
- **Forgiven:** $417K (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Rent:** $52K
- **Utilities:** $52K
- **Jobs reported:** 25
## Lender
- **Originating:** Montgomery Bank
- **Servicing:** Montgomery Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*