# PPP loan: A & M SYSTEMS INC.
> **$245K** approved 02/03/2021 · Paid in Full · Loan `2602028406`
## Borrower
- **Name:** A & M SYSTEMS INC.
- **Address:** 4121 Eastland Dr, Elkhart, IN, 46516-9031
- **NAICS:** 332321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $245K
- **Initial approval:** $245K
- **Forgiven:** $247K (101%)
- **Forgiveness date:** 12/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $245K
- **Jobs reported:** 24
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*