# PPP loan: MATSYS INCORPORATED
> **$560K** approved 04/15/2020 · Paid in Full · Loan `8562977110`
## Borrower
- **Name:** MATSYS INCORPORATED
- **Address:** 45490 RURITAN CIR, STERLING, VA, 20164-9307
- **NAICS:** 813910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $560K
- **Initial approval:** $560K
- **Forgiven:** $564K (101%)
- **Forgiveness date:** 12/30/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $560K
- **Jobs reported:** 32
## Lender
- **Originating:** Burke & Herbert Bank & Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*