# PPP loan: MOMENTUM ENGINEERED SYSTEMS, INC
> **$300K** approved 04/15/2020 · Paid in Full · Loan `1835267201`
## Borrower
- **Name:** MOMENTUM ENGINEERED SYSTEMS, INC
- **Address:** 7545 E OREM DR, HOUSTON, TX, 77075
- **NAICS:** 333132
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Jobs reported:** 21
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*