Powerseal Pipeline Products Corporation

$678,835 PPP Loan in Wichita Falls, Texas

Loan Details

Loan Number
8110437002
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$678,835
Current Approval
$678,800
Forgiveness Amount
$682,590
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Powerseal Pipeline Products Corporation
Address
701 Pleasantview Dr.
State
Texas
ZIP Code
76306
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (486990)
Business Age
Existing or more than 2 years old
Jobs Reported
68
Estimated Revenue
$17.2M
Rural/Urban
Urban
Congressional District
TX-13

Loan Use Breakdown

Payroll
$509,126
Rent
$84,854
Utilities
$84,819

Lender Information

Servicing Lender
First United Bank
Originating Lender
First United Bank

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