# PPP loan: ARMATURE SYSTEMS, INC.
> **$470K** approved 04/30/2020 · Paid in Full · Loan `5865947301`
## Borrower
- **Name:** ARMATURE SYSTEMS, INC.
- **Address:** 590 Laurelwood Rd, Santa Clara, CA, 95054
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $470K
- **Initial approval:** $470K
- **Forgiven:** $474K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $24K
- **Jobs reported:** 23
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*