PPP Loan information for Powercon, llc

$307,000

Powercon, llc was initially approved for PPP Loan of amount $307,000, the current approved amount is $307,000. The loan was approved on 04/06/2020 by The Magnolia State Bank reported 26 jobs and $307,000 was used to fund payroll.

Powercon, llc is Existing or more than 2 years old

PPP Loan Search / GA / EASTMAN / Powercon, llc

POWERCON, LLC

Date Approved

04/06/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

POWERCON, LLC

Borrower Address

168 INDUSTRIAL BLVD

Borrower City

EASTMAN

Borrower State

GA

Borrower Zip

31023-7112

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

307000.00

Current Approval Amount

307000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19419

Servicing Lender Name

Magnolia State Bank

Servicing Lender Address

130 Oak St

Servicing Lender City

EASTMAN

Servicing Lender State

GA

Servicing Lender Zip

31023-6126

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

EASTMAN

Project County Name

DODGE

Project State

GA

Project Zip

31023-7112

CD

GA-08

Jobs Reported

26

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2500.00

Payroll Proceed

275000.00

Mortgage Interest Proceed

0.00

Rent Proceed

29500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

19419

Originating Lender

Magnolia State Bank

Originating Lender City

EASTMAN

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

309346.66

Forgiveness Date

01/20/2021

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