# PPP loan: POWERSPHYR INC
> **$270K** approved 04/29/2020 · Charged Off · Loan `4206767308`
## Borrower
- **Name:** POWERSPHYR INC
- **Address:** 4115 Blackhawk Plaza Circle 100, DANVILLE, CA, 94506
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $110K (41%)
- **Forgiveness date:** 03/30/2023
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $270K
- **Jobs reported:** 2
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*