# PPP loan: SYSTEMS ENGINEERING, INC ESOP
> **$2.59M** approved 04/07/2020 · Paid in Full · Loan `7205927005`
## Borrower
- **Name:** SYSTEMS ENGINEERING, INC ESOP
- **Address:** 120 Exchange St, Portland, ME, 04101-4284
- **NAICS:** 541330
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.59M
- **Initial approval:** $2.59M
- **Forgiven:** $1.86M (72%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $2.59M
- **Jobs reported:** 149
## Lender
- **Originating:** Camden National Bank
- **Servicing:** Camden National Bank (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*