# PPP loan: POWER PLANT SERVICE INC
> **$486K** approved 05/01/2020 · Paid in Full · Loan `1029937708`
## Borrower
- **Name:** POWER PLANT SERVICE INC
- **Address:** 2500 W JEFFERSON BLVD, FT WAYNE, IN, 46802
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $486K
- **Initial approval:** $486K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $425K
- **Health care:** $62K
- **Jobs reported:** 36
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*