# PPP loan: GLV SYSTEMS, INC.
> **$1.16M** approved 04/28/2020 · Paid in Full · Loan `7554897203`
## Borrower
- **Name:** GLV SYSTEMS, INC.
- **Address:** 109 ALLEN BLVD SUITE D, FARMINGDALE, NY, 11735-5664
- **NAICS:** 561499
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.16M
- **Jobs reported:** 48
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*