# PPP loan: AMERICAN POWER SOLUTIONS, INC
> **$319K** approved 04/08/2020 · Paid in Full · Loan `8533297010`
## Borrower
- **Name:** AMERICAN POWER SOLUTIONS, INC
- **Address:** 14355 INDUSTRY CIR, LA MIRADA, CA, 90638-5810
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $319K
- **Initial approval:** $319K
- **Forgiven:** $321K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $274K
- **Rent:** $41K
- **Utilities:** $3K
- **Jobs reported:** 34
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*