# PPP loan: ENGINEERED POWER SYSTEMS INC
> **$270K** approved 04/07/2020 · Paid in Full · Loan `7283447009`
## Borrower
- **Name:** ENGINEERED POWER SYSTEMS INC
- **Address:** 48 Progress Parkway, MARYLAND HEIGHTS, MO, 63043-3706
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $18K
- **Utilities:** $21K
- **Health care:** $23K
- **Jobs reported:** 18
## Lender
- **Originating:** Commercial Bank
- **Servicing:** Commercial Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*