# PPP loan: SYST-A-MATIC TOOL AND DESIGN, INC
> **$229K** approved 04/08/2020 · Paid in Full · Loan `7910487010`
## Borrower
- **Name:** SYST-A-MATIC TOOL AND DESIGN, INC
- **Address:** 11320 BACO RD, MEADVILLE, PA, 16335-4708
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Utilities:** $3K
- **Health care:** $30K
- **Jobs reported:** 21
## Lender
- **Originating:** Mercer County State Bank
- **Servicing:** Mercer County State Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*