Powerrail Distribution Inc.
$875,000 PPP Loan in Duryea, Pennsylvania
Loan Details
- Loan Number
- 2142518300
- Date Approved
- Jan 20, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $875,000
- Current Approval
- $875,000
- Forgiveness Amount
- $880,178
- Forgiveness Date
- Sep 7, 2021
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Powerrail Distribution Inc.
- Address
- 205 Clark Rd
- City
- Duryea
- State
- Pennsylvania
- ZIP Code
- 18642-1112
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (423860)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 69
- Estimated Revenue
- $21.1M
- Rural/Urban
- Urban
- Congressional District
- PA-08
Loan Use Breakdown
- Payroll
- $875,000
Lender Information
- Servicing Lender
- Peoples Security Bank and Trust Company
- Originating Lender
- Peoples Security Bank and Trust Company
Other PPP Loans in Duryea, PA
| Business | Approved | |
|---|---|---|
| Powerrail Distribution INC | $875,000 |  AI Deep Dive |
| Production Systems Automation LLC | $863,292 | AI Deep Dive |
| Holy Rosary Elementary School of Diocese of Scranton Catholi | $235,105 | AI Deep Dive |
| Avoca Rail Products INC | $187,500 | AI Deep Dive |
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