# PPP loan: POWER SPECIALTIES, INC
> **$166K** approved 04/11/2020 · Paid in Full · Loan `2771277100`
## Borrower
- **Name:** POWER SPECIALTIES, INC
- **Address:** 9118  72ND TER, RAYTOWN, MO, 64133-6463
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $124K
- **Health care:** $41K
- **Jobs reported:** 8
## Lender
- **Originating:** Capitol Federal Savings Bank
- **Servicing:** Capitol Federal Savings Bank (KS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*