# PPP loan: WERNER SYSTEMS INC.
> **$1.00M** approved 03/12/2021 · Exemption 4 · Loan `9239668504`
## Borrower
- **Name:** WERNER SYSTEMS INC.
- **Address:** 14321 Myford Rd, Tustin, CA, 92780-7022
- **NAICS:** 332321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $909K (91%)
- **Forgiveness date:** 05/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1000K
- **Jobs reported:** 110
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*