# PPP loan: POWER & ENERGY SYSTEMS INC.
> **$216K** approved 02/13/2021 · Exemption 4 · Loan `8710358405`
## Borrower
- **Name:** POWER & ENERGY SYSTEMS INC.
- **Address:** 87 Finn Parker Rd, Gorham, ME, 04038-2016
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $164K (76%)
- **Forgiveness date:** 06/30/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $216K
- **Utilities:** $1
- **Jobs reported:** 5
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*