# PPP loan: COMMERCIAL SYSTEMS
> **$250K** approved 04/30/2020 · Charged Off · Loan `6041547301`
## Borrower
- **Name:** COMMERCIAL SYSTEMS
- **Address:** 1000 BING ST, SAN CARLOS, CA, 94070-5326
- **NAICS:** 812990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $165K (66%)
- **Forgiveness date:** 03/23/2023
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*