# PPP loan: SWITCHGEAR POWER SYSTEMS, LLC
> **$1.38M** approved 04/07/2020 · Paid in Full · Loan `6540997007`
## Borrower
- **Name:** SWITCHGEAR POWER SYSTEMS, LLC
- **Address:** 202 W. ENTERPRISE RD, WINNECONNE, WI, 54986-8531
- **NAICS:** 335999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Jobs reported:** 120
## Lender
- **Originating:** Capitol Bank
- **Servicing:** Capitol Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*