# PPP loan: LABEL SYSTEMS, INC.
> **$217K** approved 04/27/2020 · Paid in Full · Loan `3530477203`
## Borrower
- **Name:** LABEL SYSTEMS, INC.
- **Address:** 4111 Lindbergh Drive, ADDISON, TX, 75001-4345
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $217K
- **Initial approval:** $217K
- **Forgiven:** $220K (101%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $163K
- **Rent:** $54K
- **Jobs reported:** 18
## Lender
- **Originating:** Origin Bank
- **Servicing:** Origin Bank (LA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*