# PPP loan: SYSTEMIC FORMULAS, INC.
> **$506K** approved 04/27/2020 · Paid in Full · Loan `5246557205`
## Borrower
- **Name:** SYSTEMIC FORMULAS, INC.
- **Address:** 2400 BONNEVILLE TERRACE, Ogden, UT, 84403
- **NAICS:** 325412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 12/04/2020
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $506K
- **Jobs reported:** 50
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*