PPP Loan information for Powers ventures inc.

$287,338

Powers ventures inc. was initially approved for PPP Loan of amount $287,338, the current approved amount is $287,338. The loan was approved on 04/24/2021 by The Sterling State Bank reported 118 jobs and $287,338 was used to fund payroll.

Powers ventures inc. is Existing or more than 2 years old

PPP Loan Search / MN / Rochester / Powers ventures inc.

POWERS VENTURES INC.

Date Approved

04/24/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

POWERS VENTURES INC.

Borrower Address

2112 2nd St SW Ste A

Borrower City

Rochester

Borrower State

MN

Borrower Zip

55902-4169

Loan Status Date

03/10/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

287338.34

Current Approval Amount

287338.34

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36611

Servicing Lender Name

Sterling State Bank

Servicing Lender Address

1419 1st Ave SW

Servicing Lender City

AUSTIN

Servicing Lender State

MN

Servicing Lender Zip

55912-1603

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rochester

Project County Name

OLMSTED

Project State

MN

Project Zip

55902-4169

CD

MN-01

Jobs Reported

118

NAICS Code

722320

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

287332.34

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

36611

Originating Lender

Sterling State Bank

Originating Lender City

AUSTIN

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

289660.99

Forgiveness Date

02/10/2022

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