# PPP loan: STRATEGIC POWER SYSTEMS INC
> **$342K** approved 03/13/2021 · Paid in Full · Loan `1946968601`
## Borrower
- **Name:** STRATEGIC POWER SYSTEMS INC
- **Address:** 3440 Toringdon Way Ste 205, Charlotte, NC, 28277-3191
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $344K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 20
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*