PPP Loan information for Powerworks, inc.

$24,790

Powerworks, inc. was initially approved for PPP Loan of amount $24,790, the current approved amount is $24,790. The loan was approved on 04/27/2020 by The Frandsen Bank & Trust reported 3 jobs and $24,790 was used to fund payroll.

Powerworks, inc. is Existing or more than 2 years old

PPP Loan Search / MN / DULUTH / Powerworks, inc.

POWERWORKS, INC.

Date Approved

04/27/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

POWERWORKS, INC.

Borrower Address

3616 Eden Lane

Borrower City

DULUTH

Borrower State

MN

Borrower Zip

55803

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

24790.00

Current Approval Amount

24790.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38689

Servicing Lender Name

Frandsen Bank & Trust

Servicing Lender Address

116 W Central St

Servicing Lender City

LONSDALE

Servicing Lender State

MN

Servicing Lender Zip

55046-9626

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DULUTH

Project County Name

SAINT LOUIS

Project State

MN

Project Zip

55803-1100

CD

MN-08

Jobs Reported

3

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

24790.00

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

38689

Originating Lender

Frandsen Bank & Trust

Originating Lender City

LONSDALE

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

24959.79

Forgiveness Date

01/07/2021

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