Systematic Power Manufacturing, LLC

$505,995 PPP Loan in Oneonta, New York

Loan Details

Loan Number
7320047301
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$505,995
Current Approval
$505,995
Forgiveness Amount
$510,605
Forgiveness Date
Mar 31, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Systematic Power Manufacturing, LLC
Address
18 Stadium Cir
ZIP Code
13820-1067
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (334416)
Business Age
New Business or 2 years or less
Jobs Reported
30
Estimated Revenue
$7.9M
Rural/Urban
Rural
Congressional District
NY-19

Loan Use Breakdown

Payroll
$430,995
Rent
$50,000
Utilities
$25,000

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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