# PPP loan: CARGO SYSTEMS INC.
> **$871K** approved 04/13/2020 · Paid in Full · Loan `4618827102`
## Borrower
- **Name:** CARGO SYSTEMS INC.
- **Address:** 100 BROADWAY FL 17, New York, NY, 10005
- **NAICS:** 541850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $871K
- **Initial approval:** $871K
- **Forgiven:** $744K (85%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $566K
- **Mortgage interest:** $300K
- **Utilities:** $5K
- **Jobs reported:** 55
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*