# PPP loan: SYSTEMATIC MANUFACTURING, INC.
> **$236K** approved 02/13/2021 · Paid in Full · Loan `8282968403`
## Borrower
- **Name:** SYSTEMATIC MANUFACTURING, INC.
- **Address:** 6350 Wall St, Sterling Heights, MI, 48312-1073
- **NAICS:** 333519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $238K (101%)
- **Forgiveness date:** 10/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $236K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*