# PPP loan: CLOSURE SYSTEMS INC.
> **$220K** approved 01/21/2021 · Paid in Full · Loan `2830198304`
## Borrower
- **Name:** CLOSURE SYSTEMS INC.
- **Address:** 1327 Adams Rd, Bensalem, PA, 19020-3966
- **NAICS:** 423390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 07/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*