# PPP loan: SECURITY & ALARM SYSTEMS INC
> **$302K** approved 04/04/2020 · Paid in Full · Loan `4647257009`
## Borrower
- **Name:** SECURITY & ALARM SYSTEMS INC
- **Address:** 7026 SUNSET STRIP AVE NW, NORTH CANTON, OH, 44720-7077
- **NAICS:** 561621
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $303K (100%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Rent:** $17K
- **Utilities:** $31K
- **Jobs reported:** 24
## Lender
- **Originating:** The Bank of Magnolia Company
- **Servicing:** The Bank of Magnolia Company (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*