# PPP loan: K12 SYSTEMS
> **$359K** approved 05/01/2020 · Paid in Full · Loan `8779267306`
## Borrower
- **Name:** K12 SYSTEMS
- **Address:** 7540 Windsor Drive, Allentown, PA, 18195
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $359K
- **Initial approval:** $359K
- **Forgiven:** $363K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $269K
- **Rent:** $90K
- **Jobs reported:** 24
## Lender
- **Originating:** Fulton Bank, National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*