PPP Loan information for Powco, inc

$50,000

Powco, inc was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 04/13/2020 by The Wayne Bank and Trust Co. reported 7 jobs and $50,000 was used to fund payroll.

Powco, inc is Existing or more than 2 years old

PPP Loan Search / IN / CAMBRIDGE CITY / Powco, inc

POWCO, INC

Date Approved

04/13/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

POWCO, INC

Borrower Address

2583 STATE ROAD 1

Borrower City

CAMBRIDGE CITY

Borrower State

IN

Borrower Zip

47327-9333

Loan Status Date

04/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

22992

Servicing Lender Name

Wayne Bank and Trust Co.

Servicing Lender Address

145 W Main St

Servicing Lender City

CAMBRIDGE CITY

Servicing Lender State

IN

Servicing Lender Zip

47327-1119

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CAMBRIDGE CITY

Project County Name

WAYNE

Project State

IN

Project Zip

47327-9333

CD

IN-06

Jobs Reported

7

NAICS Code

327390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

50000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

22992

Originating Lender

Wayne Bank and Trust Co.

Originating Lender City

CAMBRIDGE CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

50354.79

Forgiveness Date

01/07/2021

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