# PPP loan: ENERDYNE POWER SYSTEMS, INC.
> **$420K** approved 04/13/2020 · Paid in Full · Loan `5019017109`
## Borrower
- **Name:** ENERDYNE POWER SYSTEMS, INC.
- **Address:** 10600 NATIONS FORD RD, CHARLOTTE, NC, 28273-5762
- **NAICS:** 211130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $425K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $336K
- **Mortgage interest:** $84K
- **Jobs reported:** 39
## Lender
- **Originating:** Comerica Bank
- **Servicing:** Comerica Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*