# PPP loan: ATLANTIC CONTROL SYSTEMS, INC.
> **$365K** approved 04/03/2020 · Paid in Full · Loan `4428877007`
## Borrower
- **Name:** ATLANTIC CONTROL SYSTEMS, INC.
- **Address:** 318 Dry Bridge Road, EXETER, RI, 02822-0313
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $367K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $91K
- **Jobs reported:** 25
## Lender
- **Originating:** Centreville Bank
- **Servicing:** Centreville Bank (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*