# PPP loan: POWERLAB INC
> **$754K** approved 02/04/2021 · Paid in Full · Loan `3102368401`
## Borrower
- **Name:** POWERLAB INC
- **Address:** 1145 State Highway 34 S, Terrell, TX, 75160-4550
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $754K
- **Initial approval:** $754K
- **Forgiven:** $758K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $754K
- **Jobs reported:** 40
## Lender
- **Originating:** The American National Bank of Texas
- **Servicing:** The American National Bank of Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*