# PPP loan: SYSTRAND MANUFACTURING CORP
> **$2.44M** approved 04/09/2020 · Paid in Full · Loan `9265017004`
## Borrower
- **Name:** SYSTRAND MANUFACTURING CORP
- **Address:** 19050 Allen Rd. 0.0, Brownstown, MI, 48183-1002
- **NAICS:** 336310
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.44M
- **Initial approval:** $2.44M
- **Forgiven:** $2.47M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.83M
- **Mortgage interest:** $253K
- **Utilities:** $130K
- **Health care:** $191K
- **Debt interest:** $36K
- **Jobs reported:** 204
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*