# PPP loan: INDUCTANCE ENERGY CORPORATION
> **$507K** approved 01/30/2021 · Paid in Full · Loan `9052018301`
## Borrower
- **Name:** INDUCTANCE ENERGY CORPORATION
- **Address:** 7543 E Tierra Buena Ln, Scottsdale, AZ, 85260-1630
- **NAICS:** 335312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $510K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $507K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Southwest Heritage Bank
- **Servicing:** Southwest Heritage Bank (AZ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*