# PPP loan: HYDRONIC ENERGY INC
> **$215K** approved 04/04/2020 · Paid in Full · Loan `4865767007`
## Borrower
- **Name:** HYDRONIC ENERGY INC
- **Address:** 3307 104TH ST, URBANDALE, IA, 50322-3821
- **NAICS:** 423720
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $217K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Jobs reported:** 14
## Lender
- **Originating:** Iowa State Bank
- **Servicing:** Iowa State Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*