# PPP loan: INTELLIGEN POWER SYSTEMS LLC
> **$158K** approved 04/16/2020 · Paid in Full · Loan `2869487200`
## Borrower
- **Name:** INTELLIGEN POWER SYSTEMS LLC
- **Address:** 301 Winding Rd, OLD BETHPAGE, NY, 11804-1322
- **NAICS:** 333249
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $15K
- **Utilities:** $5K
- **Jobs reported:** 7
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*