# PPP loan: LOGISTICS SYSTEMS INCORPORATED
> **$1.85M** approved 04/15/2020 · Paid in Full · Loan `9551787100`
## Borrower
- **Name:** LOGISTICS SYSTEMS INCORPORATED
- **Address:** 1100 G ST #410 NW, WASHINGTON, DC, 20005
- **NAICS:** 561210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.85M
- **Initial approval:** $1.85M
- **Forgiven:** $1.54M (83%)
- **Forgiveness date:** 02/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.65M
- **Rent:** $50K
- **Utilities:** $1K
- **Health care:** $150K
- **Jobs reported:** 115
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*