# PPP loan: JOULESMART SOLUTIONS INC.
> **$721K** approved 03/01/2021 · Exemption 4 · Loan `5553738501`
## Borrower
- **Name:** JOULESMART SOLUTIONS INC.
- **Address:** 292 Katonah Ave Unit 400, Katonah, NY, 10536-7020
- **NAICS:** 541330
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $721K
- **Initial approval:** $721K
- **Forgiven:** $680K (94%)
- **Forgiveness date:** 08/11/2023
- **Status:** Exemption 4
- **Term:** 120 months
## Use of funds
- **Payroll:** $721K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*