# PPP loan: POWILL MANUFACTURING & ENGINEERING INC
> **$1.18M** approved 02/02/2021 · Paid in Full · Loan `1509588400`
## Borrower
- **Name:** POWILL MANUFACTURING & ENGINEERING INC
- **Address:** 21039 N 27th Ave, Phoenix, AZ, 85027-2406
- **NAICS:** 336412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 04/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.18M
- **Utilities:** $1
- **Jobs reported:** 86
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*