# PPP loan: SYSTEM TECHNOLOGY INC
> **$423K** approved 04/11/2020 · Paid in Full · Loan `2894017103`
## Borrower
- **Name:** SYSTEM TECHNOLOGY INC
- **Address:** 13766 Hawthorne Blvd, HAWTHORNE, CA, 90250-7010
- **NAICS:** 541715
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $423K
- **Initial approval:** $423K
- **Forgiven:** $426K (101%)
- **Forgiveness date:** 01/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $423K
- **Jobs reported:** 27
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*