Powercon Corporation

$5,088,800 PPP Loan in Severn, Maryland

Loan Details

Loan Number
5410777008
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$5,088,800
Current Approval
$5,088,800
Forgiveness Amount
$5,157,216
Forgiveness Date
Aug 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Powercon Corporation
Address
1551 Florida Ave
City
Severn
ZIP Code
21144-2603
Business Type
Corporation
Industry (NAICS)
Manufacturing (335313)
Business Age
Existing or more than 2 years old
Jobs Reported
402
Estimated Revenue
$105.3M
Rural/Urban
Urban
Congressional District
MD-03

Loan Use Breakdown

Payroll
$5,088,800

Lender Information

Servicing Lender
First National Bank of Pennsylvania
Originating Lender
First National Bank of Pennsylvania

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