# PPP loan: FARM SYSTEMS INC
> **$574K** approved 04/08/2020 · Paid in Full · Loan `7869827002`
## Borrower
- **Name:** FARM SYSTEMS INC
- **Address:** 9885 COUNTY ROAD 33, ASHVILLE, AL, 35953-4116
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $574K
- **Initial approval:** $574K
- **Forgiven:** $579K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $574K
- **Jobs reported:** 52
## Lender
- **Originating:** The Exchange Bank of Alabama
- **Servicing:** The Exchange Bank of Alabama (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*