# PPP loan: POWER SOURCE SYSTEMS INC
> **$197K** approved 05/02/2020 · Paid in Full · Loan `9591247303`
## Borrower
- **Name:** POWER SOURCE SYSTEMS INC
- **Address:** 42461 6th Street East, LANCASTER, CA, 93535-5263
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 04/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Rent:** $7K
- **Utilities:** $3K
- **Debt interest:** $10K
- **Jobs reported:** 23
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*