# PPP loan: SYSTECH HANDLING, INC
> **$220K** approved 04/10/2020 · Paid in Full · Loan `2448607103`
## Borrower
- **Name:** SYSTECH HANDLING, INC
- **Address:** 120 Taylor Parkway, ARCHBOLD, OH, 43502-9309
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 13
## Lender
- **Originating:** The Farmers & Merchants State Bank
- **Servicing:** The Farmers & Merchants State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*