# PPP loan: CONTROL SYSTEMS INC.
> **$167K** approved 02/26/2021 · Paid in Full · Loan `4491448507`
## Borrower
- **Name:** CONTROL SYSTEMS INC.
- **Address:** 391 Industrial Park, Montevallo, AL, 35115-4436
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $167K
- **Initial approval:** $167K
- **Forgiven:** $168K (101%)
- **Forgiveness date:** 09/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*