# PPP loan: ARCHI-TECH SYSTEMS, INC.
> **$230K** approved 06/26/2020 · Paid in Full · Loan `4724608008`
## Borrower
- **Name:** ARCHI-TECH SYSTEMS, INC.
- **Address:** 238 WEST DELAWARE AVE, PENNINGTON, NJ, 08534-1603
- **NAICS:** 541511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $15K
- **Health care:** $30K
- **Jobs reported:** 16
## Lender
- **Originating:** Provident Bank
- **Servicing:** Provident Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*