As part of the Paycheck Protection Program SYSTEL BUSINESS EQUIPMENT CO INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

SYSTEL BUSINESS EQUIPMENT CO INC


Loan Amount	$3,155,200
BusinessName	SYSTEL BUSINESS EQUIPMENT CO INC
Address	2604 FT BRAGG ROAD
City	FAYETTEVILLE
State	NC
Zip	28303
NAICSCode	561499
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	0
DateApproved	04/09/2020
Lender	First National Bank of Pennsylvania
CD	NC-08
BusinessName.clean	SYSTEL BUSINESS EQUIPMENT CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

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