# PPP loan: ALTEC SYSTEMS, INC
> **$523K** approved 04/14/2020 · Paid in Full · Loan `7967607108`
## Borrower
- **Name:** ALTEC SYSTEMS, INC
- **Address:** 209 COMMERCE CIR, SACRAMENTO, CA, 95815
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $531K (102%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $523K
- **Jobs reported:** 47
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*