# PPP loan: AUTOGRID SYSTEMS INC.
> **$1.67M** approved 04/10/2020 · Paid in Full · Loan `2321807107`
## Borrower
- **Name:** AUTOGRID SYSTEMS INC.
- **Address:** 255 SHORELINE DR #350, REDWOOD CITY, CA, 94065-1404
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.52M
- **Rent:** $83K
- **Debt interest:** $66K
- **Jobs reported:** 46
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*