# PPP loan: JOY SYSTEMS INC
> **$1.50M** approved 04/28/2020 · Paid in Full · Loan `8886607209`
## Borrower
- **Name:** JOY SYSTEMS INC
- **Address:** 101 COTTON TAIL LN, SOMERSET, NJ, 08873
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $713K (48%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 184
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*