secwatch.observer — SEC 8-K summary
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Issuer:     NORTECH SYSTEMS INC (NSYS)
CIK:        0000722313
Form:       8-K
Filed at:   2021-11-30T23:59:59+00:00
Accession:  0001437749-21-027535
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nortech Systems receives full forgiveness of $6.1M PPP loan from SBA
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- Received notification Nov 29, 2021 that $6.1M PPP loan and accrued interest fully forgiven by SBA; forgiveness payment date Nov 3, 2021.
- Financial impact to be reflected in Q4 2021 ending Dec 31, 2021.
- Loan originally obtained in April 2020 under CARES Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/722313/000143774921027535/0001437749-21-027535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/722313/000143774921027535/nsys20211130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-027535

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