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Powercon, LLC

$307,000 PPP Loan in Eastman, Georgia

Loan Details

Loan Number
6153887009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$307,000
Current Approval
$307,000
Forgiveness Amount
$309,347
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Powercon, LLC
Address
168 Industrial Blvd
City
Eastman
State
Georgia
ZIP Code
31023-7112
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$8.6M
Rural/Urban
Rural
Congressional District
GA-08

Loan Use Breakdown

Payroll
$275,000
Rent
$29,500
Utilities
$2,500

Lender Information

Servicing Lender
Magnolia State Bank
Originating Lender
Magnolia State Bank

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