PPP Loan information for Powertek electric inc

$2,000,000

Powertek electric inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/22/2021 by The Bank of the Pacific reported 70 jobs and $2,000,000 was used to fund payroll.

Powertek electric inc is Existing or more than 2 years old

PPP Loan Search / WA / Blaine / Powertek electric inc

POWERTEK ELECTRIC INC

Date Approved

01/22/2021

SBA Office Code

1013

Processing Method

PPS

Borrower Name

POWERTEK ELECTRIC INC

Borrower Address

4550 Birch Bay Lynden Rd # 1140

Borrower City

Blaine

Borrower State

WA

Borrower Zip

98230-9436

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

74177

Servicing Lender Name

Bank of the Pacific

Servicing Lender Address

1216 Skyview Dr

Servicing Lender City

ABERDEEN

Servicing Lender State

WA

Servicing Lender Zip

98520-1067

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Blaine

Project County Name

WHATCOM

Project State

WA

Project Zip

98230-9436

CD

WA-01

Jobs Reported

70

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

Subchapter S Corporation

Originating Lender Location Id

74177

Originating Lender

Bank of the Pacific

Originating Lender City

ABERDEEN

Originating Lender State

WA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2016876.71

Forgiveness Date

11/30/2021

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