Power Motion, INC

$551,269 PPP Loan in Fenton, Missouri

Loan Details

Loan Number
8787507001
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$551,269
Current Approval
$551,269
Forgiveness Amount
$554,481
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Motion, INC
Address
652 Axminster Drive
City
Fenton
ZIP Code
63026
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
MO-08

Loan Use Breakdown

Payroll
$413,452
Rent
$137,817

Lender Information

Servicing Lender
Carrollton Bank
Originating Lender
Carrollton Bank

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