PPP Loan information for Powers transmission

$127,200

Powers transmission was initially approved for PPP Loan of amount $127,200, the current approved amount is $127,200. The loan was approved on 04/04/2020 by The The Citizens National Bank of Somerset reported 28 jobs and $127,200 was used to fund payroll.

Powers transmission is Existing or more than 2 years old

PPP Loan Search / KY / NICHOLASVILLE / Powers transmission

POWERS TRANSMISSION

Date Approved

04/04/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

POWERS TRANSMISSION

Borrower Address

3018 LEXINGTON RD

Borrower City

NICHOLASVILLE

Borrower State

KY

Borrower Zip

40356-9705

Loan Status Date

12/05/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

127200.00

Current Approval Amount

127200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

27925

Servicing Lender Name

The Citizens National Bank of Somerset

Servicing Lender Address

44 Public Sq

Servicing Lender City

SOMERSET

Servicing Lender State

KY

Servicing Lender Zip

42501-1414

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NICHOLASVILLE

Project County Name

JESSAMINE

Project State

KY

Project Zip

40356-9705

CD

KY-06

Jobs Reported

28

NAICS Code

811113

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

95400.00

Mortgage Interest Proceed

31800.00

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

27925

Originating Lender

The Citizens National Bank of Somerset

Originating Lender City

SOMERSET

Originating Lender State

KY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

127934.93

Forgiveness Date

11/05/2020

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