# PPP loan: GOVERNOR CONTROL SYSTEMS, INC.
> **$1.70M** approved 04/08/2020 · Paid in Full · Loan `8727287005`
## Borrower
- **Name:** GOVERNOR CONTROL SYSTEMS, INC.
- **Address:** 3101 SW 3rd Avenue, FORT LAUDERDALE, FL, 33315-3317
- **NAICS:** 333318
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.70M
- **Initial approval:** $1.70M
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Utilities:** $424K
- **Jobs reported:** 79
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*