# PPP loan: POWER ECOMMERCE SOLUTIONS INC.
> **$200K** approved 05/03/2020 · Exemption 4 · Loan `1076207410`
## Borrower
- **Name:** POWER ECOMMERCE SOLUTIONS INC.
- **Address:** 445 E ALGONQUIN RD STE 2, ARLINGTON HEIGHTS, IL, 60005-4611
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $46K (23%)
- **Forgiveness date:** 03/22/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $200K
- **Jobs reported:** 11
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*