# PPP loan: VKC SYSTEMS, INC
> **$267K** approved 08/07/2020 · Paid in Full · Loan `4953558206`
## Borrower
- **Name:** VKC SYSTEMS, INC
- **Address:** 2 GETTY AVE, CLIFTON, NJ, 07011-2314
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $267K
- **Initial approval:** $267K
- **Forgiven:** $268K (100%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $50K
- **Health care:** $17K
- **Jobs reported:** 18
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*