PPP Loan information for Powers & powers inc

$52,289

Powers & powers inc was initially approved for PPP Loan of amount $52,289, the current approved amount is $52,289. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 6 jobs and $52,289 was used to fund payroll.

Powers & powers inc is New Business or 2 years or less

PPP Loan Search / TN / ARLINGTON / Powers & powers inc

POWERS & POWERS INC

Date Approved

05/01/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

POWERS & POWERS INC

Borrower Address

11626 MAHOGANY DR

Borrower City

ARLINGTON

Borrower State

TN

Borrower Zip

38002-5006

Loan Status Date

07/16/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52289.00

Current Approval Amount

52289.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ARLINGTON

Project County Name

SHELBY

Project State

TN

Project Zip

38002-5006

CD

TN-08

Jobs Reported

6

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

52289.00

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

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

36685.87

Forgiveness Date

07/29/2021

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