# PPP loan: COMPOSITION SYSTEMS INC
> **$1.23M** approved 01/21/2021 · Paid in Full · Loan `3000608302`
## Borrower
- **Name:** COMPOSITION SYSTEMS INC
- **Address:** 840 S Pickett St, Alexandria, VA, 22304-4606
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.23M
- **Utilities:** $1
- **Jobs reported:** 62
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*