# PPP loan: SYSTEM CONCEPTS INC
> **$266K** approved 04/27/2020 · Paid in Full · Loan `4162197202`
## Borrower
- **Name:** SYSTEM CONCEPTS INC
- **Address:** 1702 MINTERS CHAPEL RD STE 102, GRAPEVINE, TX, 76051
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $269K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Rent:** $53K
- **Jobs reported:** 11
## Lender
- **Originating:** Veritex Community Bank
- **Servicing:** Veritex Community Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*