# PPP loan: RCS SYSTEMS, INC.
> **$1.20M** approved 04/07/2020 · Paid in Full · Loan `6822077000`
## Borrower
- **Name:** RCS SYSTEMS, INC.
- **Address:** 7075 W PARKLAND CT, MILWAUKEE, WI, 53223-4027
- **NAICS:** 541410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $897K
- **Rent:** $150K
- **Utilities:** $150K
- **Jobs reported:** 92
## Lender
- **Originating:** Johnson Bank
- **Servicing:** Johnson Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*