# PPP loan: SYSTRONICS INC
> **$641K** approved 04/13/2020 · Paid in Full · Loan `4184827104`
## Borrower
- **Name:** SYSTRONICS INC
- **Address:** 191 Federico Costa, SAN JUAN, PR, 00918
- **NAICS:** 453210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $641K
- **Initial approval:** $641K
- **Forgiven:** $646K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $603K
- **Rent:** $12K
- **Mortgage interest:** $13K
- **Utilities:** $14K
- **Jobs reported:** 68
## Lender
- **Originating:** Banco Popular de Puerto Rico
- **Servicing:** Banco Popular de Puerto Rico (PR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*