# PPP loan: COMPOSITION SYSTEMS, INC.
> **$1.23M** approved 04/07/2020 · Paid in Full · Loan `7264217004`
## Borrower
- **Name:** COMPOSITION SYSTEMS, INC.
- **Address:** 840 South Pickett Street, ALEXANDRIA, VA, 22304-4606
- **NAICS:** 323111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.23M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.08M
- **Rent:** $74K
- **Utilities:** $25K
- **Debt interest:** $49K
- **Jobs reported:** 75
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*