# PPP loan: CATALYST SYSTEMS INC.
> **$174K** approved 06/28/2020 · Paid in Full · Loan `5436978003`
## Borrower
- **Name:** CATALYST SYSTEMS INC.
- **Address:** 1 ROSSMOOR DR, MONROE TOWNSHIP, NJ, 08831-1566
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $175K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $104K
- **Rent:** $35K
- **Utilities:** $35K
- **Jobs reported:** 11
## Lender
- **Originating:** BSD Capital, LLC dba Lendistry
- **Servicing:** Lendistry SBLC, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*