# PPP loan: POWELL SYSTEMS INC
> **$294K** approved 01/17/2021 · Paid in Full · Loan `1392688303`
## Borrower
- **Name:** POWELL SYSTEMS INC
- **Address:** 102 Churchill-Hubbard Road, Youngstown, OH, 44505
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $294K
- **Initial approval:** $294K
- **Forgiven:** $296K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $294K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Fowler State Bank
- **Servicing:** Fowler State Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*