# PPP loan: MOTION CONTROL SYSTEMS
> **$500K** approved 02/25/2021 · Paid in Full · Loan `4112548503`
## Borrower
- **Name:** MOTION CONTROL SYSTEMS
- **Address:** 6701 Viscoe Rd, Radford, VA, 24141-6905
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $500K
- **Jobs reported:** 50
## Lender
- **Originating:** Truist Bank
- **Servicing:** Truist Bank (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*