# PPP loan: TOWNSEND SYSTEMS, LLC
> **$369K** approved 04/12/2020 · Paid in Full · Loan `3862267108`
## Borrower
- **Name:** TOWNSEND SYSTEMS, LLC
- **Address:** 148 CONALCO DR, JACKSON, TN, 38301-3792
- **NAICS:** 561621
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Forgiven:** $372K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $369K
- **Jobs reported:** 25
## Lender
- **Originating:** Cadence Bank
- **Servicing:** Cadence Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*