# PPP loan: NOREGON SYSTEMS INC
> **$2.59M** approved 04/13/2020 · Paid in Full · Loan `4534987107`
## Borrower
- **Name:** NOREGON SYSTEMS INC
- **Address:** 7009 ALBERT PICK RD, GREENSBORO, NC, 27409-9654
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.59M
- **Initial approval:** $2.59M
- **Forgiven:** $2.62M (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.59M
- **Jobs reported:** 174
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*