Power Specialists Assoc., Inc.

$913,912 PPP Loan in Somers, Connecticut

Loan Details

Loan Number
9655467103
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$913,912
Current Approval
$913,912
Forgiveness Amount
$920,197
Forgiveness Date
Dec 30, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Power Specialists Assoc., Inc.
Address
531 Main Street
City
Somers
ZIP Code
06071
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541330)
Business Age
Existing or more than 2 years old
Jobs Reported
51
Estimated Revenue
$6.3M
Rural/Urban
Rural
Congressional District
CT-02

Loan Use Breakdown

Payroll
$760,912
Rent
$45,000
Utilities
$25,000
Health Care
$75,000
Debt Interest
$8,000

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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