PPP Loan information for Power drives, inc.

$2,115,400

Power drives, inc. was initially approved for PPP Loan of amount $2,115,400, the current approved amount is $2,115,400. The loan was approved on 04/11/2020 by The KeyBank National Association reported 153 jobs and $2,115,400 was used to fund payroll.

Power drives, inc. is Unanswered

PPP Loan Search / NY / BUFFALO / Power drives, inc.

POWER DRIVES, INC.

Date Approved

04/11/2020

SBA Office Code

0296

Processing Method

PPP

Borrower Name

POWER DRIVES, INC.

Borrower Address

801 Exchange St

Borrower City

BUFFALO

Borrower State

NY

Borrower Zip

14210-1434

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2115400.00

Current Approval Amount

2115400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

56102

Servicing Lender Name

KeyBank National Association

Servicing Lender Address

127 Public Sq

Servicing Lender City

CLEVELAND

Servicing Lender State

OH

Servicing Lender Zip

44114-1217

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

BUFFALO

Project County Name

ERIE

Project State

NY

Project Zip

14210-1434

CD

NY-26

Jobs Reported

153

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2115400.00

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

Subchapter S Corporation

Originating Lender Location Id

56102

Originating Lender

KeyBank National Association

Originating Lender City

CLEVELAND

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2139857.50

Forgiveness Date

06/11/2021

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