Powernetics, Inc.

$150,000 PPP Loan in Belvidere, Illinois

Loan Details

Loan Number
2456657706
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$150,000
Current Approval
$150,000
Forgiveness Amount
$150,935
Forgiveness Date
Dec 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Powernetics, Inc.
Address
853 Spring Ridge Court
ZIP Code
61008
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541712)
Business Age
Existing or more than 2 years old
Jobs Reported
11
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
IL-11

Loan Use Breakdown

Payroll
$150,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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