# PPP loan: NGD SYSTEMS,  INC.
> **$1.37M** approved 04/27/2020 · Paid in Full · Loan `3496377203`
## Borrower
- **Name:** NGD SYSTEMS,  INC.
- **Address:** 355 Goddard Suite #200, Irvine, CA, 92618
- **NAICS:** 334413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.37M
- **Initial approval:** $1.37M
- **Forgiven:** $870K (63%)
- **Forgiveness date:** 03/25/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.37M
- **Jobs reported:** 34
## Lender
- **Originating:** Martha's Vineyard Bank
- **Servicing:** Martha's Vineyard Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*