PPP Loan information for Power drives inc.

$1,858,232

Power drives inc. was initially approved for PPP Loan of amount $1,858,232, the current approved amount is $1,858,232. The loan was approved on 01/30/2021 by The KeyBank National Association reported 123 jobs and $1,858,232 was used to fund payroll.

Power drives inc. is Existing or more than 2 years old

PPP Loan Search / NY / Buffalo / Power drives inc.

POWER DRIVES INC.

Date Approved

01/30/2021

SBA Office Code

0296

Processing Method

PPS

Borrower Name

POWER DRIVES INC.

Borrower Address

801 Exchange St

Borrower City

Buffalo

Borrower State

NY

Borrower Zip

14210-1434

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1858232.00

Current Approval Amount

1858232.00

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

Existing or more than 2 years old

Project City

Buffalo

Project County Name

ERIE

Project State

NY

Project Zip

14210-1434

CD

NY-26

Jobs Reported

123

NAICS Code

332912

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1858227.00

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

1880734.43

Forgiveness Date

04/28/2022

;