# PPP loan: POWERS VENTURES INC.
> **$205K** approved 04/27/2020 · Paid in Full · Loan `3723797201`
## Borrower
- **Name:** POWERS VENTURES INC.
- **Address:** 2112 2ND ST, ROCHESTER, MN, 55902-4168
- **NAICS:** 722320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $207K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Jobs reported:** 118
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*