# PPP loan: SYSTEMATIC POWER MANUFACTURING, LLC
> **$506K** approved 04/30/2020 · Paid in Full · Loan `7320047301`
## Borrower
- **Name:** SYSTEMATIC POWER MANUFACTURING, LLC
- **Address:** 18 STADIUM CIR, ONEONTA, NY, 13820-1067
- **NAICS:** 334416
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $506K
- **Initial approval:** $506K
- **Forgiven:** $511K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $431K
- **Rent:** $50K
- **Utilities:** $25K
- **Jobs reported:** 30
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*