# PPP loan: SYSTUM INC
> **$459K** approved 04/12/2020 · Charged Off · Loan `3936607107`
## Borrower
- **Name:** SYSTUM INC
- **Address:** 555 Republic Drive, Suite 200, Plano, TX, 75054
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $449K (98%)
- **Forgiveness date:** 04/26/2021
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $444K
- **Mortgage interest:** $15K
- **Jobs reported:** 41
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*