# PPP loan: K&M SYSTEMS, INC.
> **$618K** approved 04/28/2020 · Paid in Full · Loan `1178657308`
## Borrower
- **Name:** K&M SYSTEMS, INC.
- **Address:** 2168 Balboa Ave, Suite 4, San Diego, CA, 92109-4600
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $618K
- **Initial approval:** $618K
- **Forgiven:** $621K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $463K
- **Utilities:** $154K
- **Jobs reported:** 42
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*