# PPP loan: INDUSTRIAL BATTERY ENGINEERING INC
> **$220K** approved 02/26/2021 · Paid in Full · Loan `4507478500`
## Borrower
- **Name:** INDUSTRIAL BATTERY ENGINEERING INC
- **Address:** 9121 De Garmo Ave, Sun Valley, CA, 91352-2608
- **NAICS:** 335911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $225K (102%)
- **Forgiveness date:** 06/08/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $1
- **Jobs reported:** 18
## 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*