# PPP loan: PRIORITY POWER INC
> **$816K** approved 06/05/2020 · Charged Off · Loan `8533527802`
## Borrower
- **Name:** PRIORITY POWER INC
- **Address:** 5510 CHERRYWOOD LN STE D, GREENBELT, MD, 20770-1003
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $816K
- **Initial approval:** $816K
- **Forgiven:** $361K (44%)
- **Forgiveness date:** 05/21/2021
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $816K
- **Jobs reported:** 228
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*