# PPP loan: POWERS TRUCKING INC
> **$274K** approved 04/16/2020 · Paid in Full · Loan `3039747201`
## Borrower
- **Name:** POWERS TRUCKING INC
- **Address:** 1905 TARKILN RD, LANCASTER, OH, 43130-8864
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $276K (101%)
- **Forgiveness date:** 01/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $219K
- **Utilities:** $55K
- **Jobs reported:** 27
## Lender
- **Originating:** The Vinton County National Bank
- **Servicing:** The Vinton County National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*