# PPP loan: CEMTEK SYSTEMS, INC.
> **$843K** approved 04/13/2020 · Exemption 4 · Loan `4310707105`
## Borrower
- **Name:** CEMTEK SYSTEMS, INC.
- **Address:** 1750 Brielle Ave   Unit B-2, Ocean, NJ, 07712
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $843K
- **Initial approval:** $843K
- **Forgiven:** $504K (60%)
- **Forgiveness date:** 09/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $640K
- **Jobs reported:** 28
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*