PPP Loan information for System optics inc

$957,400

System optics inc was initially approved for PPP Loan of amount $957,400, the current approved amount is $957,400. The loan was approved on 04/15/2020 by The PNC Bank, National Association reported 86 jobs and $957,400 was used to fund payroll.

System optics inc is Existing or more than 2 years old

PPP Loan Search / OH / TALLMADGE / System optics inc

SYSTEM OPTICS INC

Date Approved

04/15/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

SYSTEM OPTICS INC

Borrower Address

518 WEST AVE

Borrower City

TALLMADGE

Borrower State

OH

Borrower Zip

44278

Loan Status Date

06/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

957400.00

Current Approval Amount

957400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TALLMADGE

Project County Name

SUMMIT

Project State

OH

Project Zip

44278-0001

CD

OH-13

Jobs Reported

86

NAICS Code

621111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

957400.00

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

Subchapter S Corporation

Originating Lender Location Id

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

967771.83

Forgiveness Date

05/18/2021

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