Powerful Electric, Inc.

$2,041,200 PPP Loan in Los Angeles, California

Loan Details

Loan Number
2285327303
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,041,200
Current Approval
$2,041,200
Forgiveness Amount
$2,064,464
Forgiveness Date
Jun 30, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Powerful Electric, Inc.
Address
5316 Venice Blvd
ZIP Code
90019-5238
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
216
Estimated Revenue
$71.1M
Rural/Urban
Urban
Congressional District
CA-37

Loan Use Breakdown

Payroll
$2,041,200

Lender Information

Servicing Lender
Sunwest Bank
Originating Lender
Sunwest Bank

Other PPP Loans in Los Angeles, CA

BusinessApproved
Los Angeles Philharmonic Association$10,000,000NewBizBotAI Deep Dive
Career Group Inc.$10,000,000NewBizBotAI Deep Dive
Screen Actors Guild-American Federation of Television and Ra$10,000,000NewBizBotAI Deep Dive
Los Angeles Lgbt Center$10,000,000NewBizBotAI Deep Dive
Grill Concepts INC$10,000,000NewBizBotAI Deep Dive

Want to research this company further?