# PPP loan: COMPACT MEMBRANE SYSTEMS INC.
> **$390K** approved 04/28/2021 · Paid in Full · Loan `3292628908`
## Borrower
- **Name:** COMPACT MEMBRANE SYSTEMS INC.
- **Address:** 335 Water St Newport, Wilmington, DE, 19804-2410
- **NAICS:** 541380
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 02/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $390K
- **Utilities:** $1
- **Jobs reported:** 22
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*