Power Motors INC

$840,395 PPP Loan in Newport, Oregon

Loan Details

Loan Number
4946527203
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$840,395
Current Approval
$840,395
Forgiveness Amount
$849,029
Forgiveness Date
May 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Motors INC
Address
1107 N Coast Hwy
State
Oregon
ZIP Code
97365-3144
Business Type
Subchapter S Corporation
Industry (NAICS)
Retail Trade (441110)
Business Age
Existing or more than 2 years old
Jobs Reported
90
Estimated Revenue
$22.7M
Rural/Urban
Rural
Congressional District
OR-04

Loan Use Breakdown

Payroll
$840,395

Lender Information

Servicing Lender
Pioneer Trust Bank, National Association
Originating Lender
Pioneer Trust Bank, National Association

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