# PPP loan: EFC SYSTEMS INC
> **$496K** approved 02/22/2021 · Paid in Full · Loan `2891738500`
## Borrower
- **Name:** EFC SYSTEMS INC
- **Address:** 1851 Clark Rd, Havre de Grace, MD, 21078-4005
- **NAICS:** 333912
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $502K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $496K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*