PPP Loan information for Powerful electric, inc.

$2,041,200

Powerful electric, inc. was initially approved for PPP Loan of amount $2,041,200, the current approved amount is $2,041,200. The loan was approved on 04/29/2020 by The Sunwest Bank reported 216 jobs and $2,041,200 was used to fund payroll.

Powerful electric, inc. is Existing or more than 2 years old

PPP Loan Search / CA / LOS ANGELES / Powerful electric, inc.

POWERFUL ELECTRIC, INC.

Date Approved

04/29/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

POWERFUL ELECTRIC, INC.

Borrower Address

5316 VENICE BLVD

Borrower City

LOS ANGELES

Borrower State

CA

Borrower Zip

90019-5238

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2041200.00

Current Approval Amount

2041200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

14926

Servicing Lender Name

Sunwest Bank

Servicing Lender Address

10011 Centennial Pkwy, Ste 450

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LOS ANGELES

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90019-5238

CD

CA-37

Jobs Reported

216

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2041200.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

14926

Originating Lender

Sunwest Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2064464.09

Forgiveness Date

06/30/2021

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