# PPP loan: STATE SYSTEMS, INC.
> **$2.84M** approved 04/07/2020 · Paid in Full · Loan `7511387007`
## Borrower
- **Name:** STATE SYSTEMS, INC.
- **Address:** 1861 VANDERHORN DR, MEMPHIS, TN, 38134-6328
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.84M
- **Initial approval:** $2.84M
- **Forgiven:** $2.87M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.84M
- **Jobs reported:** 229
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*