# PPP loan: SYSTEMS ANALYSIS INC/LADCO INC
> **$498K** approved 04/06/2020 · Paid in Full · Loan `6285527008`
## Borrower
- **Name:** SYSTEMS ANALYSIS INC/LADCO INC
- **Address:** 217 OXMOOR CIR, BIRMINGHAM, AL, 35209-6425
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $430K
- **Rent:** $16K
- **Mortgage interest:** $11K
- **Utilities:** $18K
- **Debt interest:** $22K
- **Jobs reported:** 32
## Lender
- **Originating:** ServisFirst Bank
- **Servicing:** ServisFirst Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*