# PPP loan: CAPSTONE TURBINE CORP
> **$2.61M** approved 04/14/2020 · Paid in Full · Loan `7460377101`
## Borrower
- **Name:** CAPSTONE TURBINE CORP
- **Address:** 16640 Stagg Street, VAN NUYS, CA, 91406-1630
- **NAICS:** 333611
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.61M
- **Initial approval:** $2.61M
- **Forgiven:** $2.64M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.96M
- **Rent:** $273K
- **Utilities:** $144K
- **Debt interest:** $236K
- **Jobs reported:** 149
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*