# PPP loan: NORTECH SYSTEMS INCORPORATED
> **$6.08M** approved 04/14/2020 · Paid in Full · Loan `6860417105`
## Borrower
- **Name:** NORTECH SYSTEMS INCORPORATED
- **Address:** 7550 Meridian Cir N Ste 150, MAPLE GROVE, MN, 55369-4932
- **NAICS:** 334510
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $6.08M
- **Initial approval:** $6.08M
- **Forgiven:** $6.17M (102%)
- **Forgiveness date:** 11/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $6.08M
- **Jobs reported:** 478
## 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*