# PPP loan: POWERTEK CORPORATION
> **$1.76M** approved 02/05/2021 · Paid in Full · Loan `3525328402`
## Borrower
- **Name:** POWERTEK CORPORATION
- **Address:** 9420 Key West Ave, Rockville, MD, 20850-3334
- **NAICS:** 541519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.76M
- **Initial approval:** $1.76M
- **Forgiven:** $1.76M (100%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.76M
- **Utilities:** $1
- **Jobs reported:** 89
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*