# PPP loan: CONTOL & POWER SYSTEMS, INC.
> **$800K** approved 04/14/2020 · Paid in Full · Loan `7756477106`
## Borrower
- **Name:** CONTOL & POWER SYSTEMS, INC.
- **Address:** 17 SPIELMAN RD, FAIRFIELD, NJ, 07004-3409
- **NAICS:** 334419
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $800K
- **Initial approval:** $885K
- **Forgiven:** $805K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $708K
- **Rent:** $92K
- **Jobs reported:** 46
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*