# PPP loan: POWER COMPONENT SYSTEMS, INC
> **$3.63M** approved 04/03/2020 · Paid in Full · Loan `4588757005`
## Borrower
- **Name:** POWER COMPONENT SYSTEMS, INC
- **Address:** 7526 CONNELLEY DR Suite R, HANOVER, MD, 21076-1600
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.63M
- **Initial approval:** $3.63M
- **Forgiven:** $3.68M (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.63M
- **Jobs reported:** 239
## Lender
- **Originating:** First National Bank of Pennsylvania
- **Servicing:** First National Bank of Pennsylvania (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*