# PPP loan: ADVANCED MICROGRID SOLUTIONS, INC
> **$2.08M** approved 04/30/2020 · Paid in Full · Loan `6703917305`
## Borrower
- **Name:** ADVANCED MICROGRID SOLUTIONS, INC
- **Address:** 986 Mission St. 3rd Floor, San Francisco, CA, 94103
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.08M
- **Initial approval:** $2.08M
- **Forgiven:** $1.32M (64%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.03M
- **Mortgage interest:** $45K
- **Utilities:** $3K
- **Jobs reported:** 49
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*