# PPP loan: SAFETY CONTROLS TECHNOLOGY, INC
> **$700K** approved 04/05/2020 · Paid in Full · Loan `5116667009`
## Borrower
- **Name:** SAFETY CONTROLS TECHNOLOGY, INC
- **Address:** 6993 PEARL RD, CLEVELAND, OH, 44130-7831
- **NAICS:** 541690
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $706K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $700K
- **Jobs reported:** 50
## Lender
- **Originating:** Westfield Bank, FSB
- **Servicing:** Westfield Bank, FSB (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*