# PPP loan: KT POWER SYSTEMS, INC.
> **$973K** approved 04/06/2020 · Paid in Full · Loan `6027457008`
## Borrower
- **Name:** KT POWER SYSTEMS, INC.
- **Address:** 733 COUNTY ROAD 638, CAPE GIRARDEAU, MO, 63701-8962
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $973K
- **Initial approval:** $973K
- **Forgiven:** $978K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $778K
- **Rent:** $97K
- **Utilities:** $97K
- **Jobs reported:** 51
## Lender
- **Originating:** Montgomery Bank
- **Servicing:** Montgomery Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*