# PPP loan: POWERS AND SONS CONSTRUCTION CO. INC.
> **$1.65M** approved 02/02/2021 · Paid in Full · Loan `1884868403`
## Borrower
- **Name:** POWERS AND SONS CONSTRUCTION CO. INC.
- **Address:** 2636 W 15th Ave, Gary, IN, 46404-2125
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.65M
- **Initial approval:** $1.65M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 06/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.65M
- **Utilities:** $1
- **Jobs reported:** 72
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*