Powerlab INC

$754,000 PPP Loan in Terrell, Texas

Loan Details

Loan Number
7345887106
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$754,000
Current Approval
$754,000
Forgiveness Amount
$758,359
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Powerlab INC
Address
1145 State Highway 34
State
Texas
ZIP Code
75160-4550
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335312)
Business Age
Existing or more than 2 years old
Jobs Reported
41
Estimated Revenue
$10.7M
Rural/Urban
Rural
Congressional District
TX-05

Loan Use Breakdown

Payroll
$754,000

Lender Information

Servicing Lender
The American National Bank of Texas
Originating Lender
The American National Bank of Texas

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