# PPP loan: SYSTEMS IN MOTION, INC.
> **$1.09M** approved 04/09/2020 · Paid in Full · Loan `1043067104`
## Borrower
- **Name:** SYSTEMS IN MOTION, INC.
- **Address:** 1450 N McLean Blvd 0.0, Elgin, IL, 60175-5668
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.10M (101%)
- **Forgiveness date:** 04/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $914K
- **Rent:** $100K
- **Utilities:** $10K
- **Health care:** $65K
- **Jobs reported:** 75
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*