# PPP loan: ACUTRONIC POWER SYSTEMS INC.
> **$253K** approved 05/14/2020 · Paid in Full · Loan `6293447400`
## Borrower
- **Name:** ACUTRONIC POWER SYSTEMS INC.
- **Address:** 8950 Yellow Brick Road, Baltimore, MD, 21237
- **NAICS:** 336413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 04/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $213K
- **Rent:** $22K
- **Utilities:** $3K
- **Health care:** $15K
- **Jobs reported:** 24
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*