PPP Loan information for State systems, inc.

$2,835,800

State systems, inc. was initially approved for PPP Loan of amount $2,835,800, the current approved amount is $2,835,800. The loan was approved on 04/07/2020 by The Simmons Bank reported 229 jobs and $2,835,800 was used to fund payroll.

State systems, inc. is Existing or more than 2 years old

PPP Loan Search / TN / MEMPHIS / State systems, inc.

STATE SYSTEMS, INC.

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

STATE SYSTEMS, INC.

Borrower Address

1861 VANDERHORN DR

Borrower City

MEMPHIS

Borrower State

TN

Borrower Zip

38134-6328

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2835800.00

Current Approval Amount

2835800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4679

Servicing Lender Name

Simmons Bank

Servicing Lender Address

501 Main St

Servicing Lender City

PINE BLUFF

Servicing Lender State

AR

Servicing Lender Zip

71601-4327

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MEMPHIS

Project County Name

SHELBY

Project State

TN

Project Zip

38134-6328

CD

TN-08

Jobs Reported

229

NAICS Code

541330

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2835800.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4679

Originating Lender

Simmons Bank

Originating Lender City

PINE BLUFF

Originating Lender State

AR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2868431.12

Forgiveness Date

06/11/2021

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