# PPP loan: POTENTIAL ENERGY LABS, INC.
> **$403K** approved 04/29/2020 · Paid in Full · Loan `3795527309`
## Borrower
- **Name:** POTENTIAL ENERGY LABS, INC.
- **Address:** 1436 Howard Street Unit 301, San Francisco, CA, 94103
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $403K
- **Initial approval:** $403K
- **Forgiven:** $408K (101%)
- **Forgiveness date:** 08/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $391K
- **Mortgage interest:** $12K
- **Jobs reported:** 18
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*