# PPP loan: AC ENERGY SYSTEMS, INC.
> **$205K** approved 04/10/2020 · Paid in Full · Loan `2526977105`
## Borrower
- **Name:** AC ENERGY SYSTEMS, INC.
- **Address:** 224 BIRMINGHAM DR STE 1A2, CARDIFF BY THE SEA, CA, 92007-1722
- **NAICS:** 334290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Rent:** $5K
- **Utilities:** $188
- **Health care:** $36K
- **Jobs reported:** 9
## 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*