System Controls, Inc.

$379,400 PPP Loan in Trussville, Alabama

Loan Details

Loan Number
5849717008
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$379,400
Current Approval
$379,400
Forgiveness Amount
$381,856
Forgiveness Date
Dec 4, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
System Controls, Inc.
Address
7015 Haisten Dr
State
Alabama
ZIP Code
35173-2510
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335314)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$5.2M
Rural/Urban
Urban
Congressional District
AL-06

Loan Use Breakdown

Payroll
$284,550
Rent
$18,970
Utilities
$18,970
Health Care
$18,970
Mortgage Interest
$18,970
Debt Interest
$18,970

Lender Information

Servicing Lender
Oakworth Capital Bank
Originating Lender
Oakworth Capital Bank

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