# PPP loan: A & M SYSTEMS, INC.
> **$247K** approved 04/08/2020 · Paid in Full · Loan `7907617000`
## Borrower
- **Name:** A & M SYSTEMS, INC.
- **Address:** 4121 EASTLAND DR, ELKHART, IN, 46516-9031
- **NAICS:** 332321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 11/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $4K
- **Utilities:** $3K
- **Jobs reported:** 28
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*