Power Drives Inc.

$1,858,232 PPP Loan in Buffalo, New York

Loan Details

Loan Number
8989098308
Date Approved
Jan 30, 2021
Loan Status
Paid in Full
Initial Approval
$1,858,232
Current Approval
$1,858,232
Forgiveness Amount
$1,880,734
Forgiveness Date
Apr 28, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Power Drives Inc.
Address
801 Exchange St
ZIP Code
14210-1434
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332912)
Business Age
Existing or more than 2 years old
Jobs Reported
123
Estimated Revenue
$30.1M
Rural/Urban
Urban
Congressional District
NY-26

Loan Use Breakdown

Payroll
$1,858,227
Utilities
$1

Lender Information

Servicing Lender
Keybank National Association
Originating Lender
Keybank National Association

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