# PPP loan: COVENANT AIR SYSTEMS, INC.
> **$150K** approved 04/14/2020 · Paid in Full · Loan `7010677100`
## Borrower
- **Name:** COVENANT AIR SYSTEMS, INC.
- **Address:** 777 West Lambert Road, Brea, CA, 92821
- **NAICS:** 453998
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Jobs reported:** 9
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*