# PPP loan: PROGRESSIVE TECHNOLOGY FEDERAL SYSTEMS, INC
> **$1.38M** approved 04/10/2020 · Paid in Full · Loan `1862577108`
## Borrower
- **Name:** PROGRESSIVE TECHNOLOGY FEDERAL SYSTEMS, INC
- **Address:** 1801 Research Blvd, Suite 310, ROCKVILLE, MD, 20850-3103
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.40M (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Jobs reported:** 99
## Lender
- **Originating:** Atlantic Union Bank
- **Servicing:** Atlantic Union Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*