# PPP loan: QNERGY, INC.
> **$643K** approved 04/08/2020 · Paid in Full · Loan `8512517005`
## Borrower
- **Name:** QNERGY, INC.
- **Address:** 300 W 12TH ST, OGDEN, UT, 84404-5505
- **NAICS:** 333611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $643K
- **Initial approval:** $643K
- **Forgiven:** $650K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $579K
- **Rent:** $21K
- **Mortgage interest:** $24K
- **Utilities:** $19K
- **Jobs reported:** 43
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*