# PPP loan: SANDLER SYSTEMS, INC.
> **$1.16M** approved 04/15/2020 · Paid in Full · Loan `1154947209`
## Borrower
- **Name:** SANDLER SYSTEMS, INC.
- **Address:** 300 Red Brook Blvd Suite 400, Owings Mills, MD, 21117
- **NAICS:** 541611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.16M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.04M
- **Rent:** $25K
- **Utilities:** $5K
- **Health care:** $88K
- **Jobs reported:** 68
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*