# PPP loan: SYSTEMS EQUIPMENT CORPORATION
> **$301K** approved 04/07/2020 · Paid in Full · Loan `6541227001`
## Borrower
- **Name:** SYSTEMS EQUIPMENT CORPORATION
- **Address:** 903   3RD AVE, WAUKON, IA, 52172-1556
- **NAICS:** 334111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $301K
- **Jobs reported:** 21
## Lender
- **Originating:** Waukon State Bank
- **Servicing:** Waukon State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*