# PPP loan: SYGNTECH SYSTEMS INC.
> **$471K** approved 02/13/2021 · Exemption 4 · Loan `8314938400`
## Borrower
- **Name:** SYGNTECH SYSTEMS INC.
- **Address:** 3145 Bordentown Ave Ste D2, Parlin, NJ, 08859-1164
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $265K (56%)
- **Forgiveness date:** 01/26/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $471K
- **Jobs reported:** 16
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*