# PPP loan: POWERFILM, INC.
> **$494K** approved 01/17/2021 · Paid in Full · Loan `1423668301`
## Borrower
- **Name:** POWERFILM, INC.
- **Address:** 1287 Xe Pl, Ames, IA, 50014-6304
- **NAICS:** 334413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $497K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $494K
- **Jobs reported:** 49
## Lender
- **Originating:** First National Bank Ames, Iowa
- **Servicing:** First National Bank Ames, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*