# PPP loan: C-BOND SYSTEMS INC.
> **$156K** approved 04/28/2020 · Charged Off · Loan `1444017308`
## Borrower
- **Name:** C-BOND SYSTEMS INC.
- **Address:** 6035 SOUTH LOOP, HOUSTON, TX, 77033-1041
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $96K (62%)
- **Forgiveness date:** 11/03/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $125K
- **Mortgage interest:** $31K
- **Jobs reported:** 8
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*