# PPP loan: ADVANCED ENERGY IDEAS, INC.
> **$455K** approved 04/28/2020 · Paid in Full · Loan `7224567206`
## Borrower
- **Name:** ADVANCED ENERGY IDEAS, INC.
- **Address:** 1113 W BIRCHWOOD AVE, MESA, AZ, 85210-8410
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $455K
- **Initial approval:** $455K
- **Forgiven:** $460K (101%)
- **Forgiveness date:** 05/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Mortgage interest:** $57K
- **Utilities:** $57K
- **Jobs reported:** 35
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*