PPP Loan information for Power factor

$628,565

Power factor was initially approved for PPP Loan of amount $628,565, the current approved amount is $628,565. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 50 jobs and $628,565 was used to fund payroll.

Power factor is Existing or more than 2 years old

PPP Loan Search / MD / Dundalk / Power factor

POWER FACTOR

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

POWER FACTOR

Borrower Address

8240 Beachwood Road

Borrower City

Dundalk

Borrower State

MD

Borrower Zip

21222

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

628565.00

Current Approval Amount

628565.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Dundalk

Project County Name

BALTIMORE

Project State

MD

Project Zip

21222-0001

CD

MD-07

Jobs Reported

50

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

588565.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

40000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

633748.51

Forgiveness Date

02/17/2021

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