Powertran Corporation

$128,000 PPP Loan in Ferndale, Michigan

Loan Details

Loan Number
1196567309
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$128,000
Current Approval
$128,000
Forgiveness Amount
$129,269
Forgiveness Date
Apr 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Powertran Corporation
Address
1605 Bonner Street
ZIP Code
48220-1909
Business Type
Corporation
Industry (NAICS)
Manufacturing (334416)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$102,512
Mortgage Interest
$25,488

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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