# PPP loan: HYDROMAGNETIC SYSTEMS INC
> **$162K** approved 05/01/2020 · Charged Off · Loan `9840757708`
## Borrower
- **Name:** HYDROMAGNETIC SYSTEMS INC
- **Address:** 13230 EVENING CREEK DR, SAN DIEGO, CA, 92128
- **NAICS:** 561990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $162K
- **Jobs reported:** 17
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*