# PPP loan: POWERFUL ELECTRIC, INC.
> **$2.04M** approved 04/29/2020 · Paid in Full · Loan `2285327303`
## Borrower
- **Name:** POWERFUL ELECTRIC, INC.
- **Address:** 5316 VENICE BLVD, LOS ANGELES, CA, 90019-5238
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.04M
- **Initial approval:** $2.04M
- **Forgiven:** $2.06M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.04M
- **Jobs reported:** 216
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*