# PPP loan: POWERCHORD, INC.
> **$1.43M** approved 06/25/2020 · Paid in Full · Loan `4050688002`
## Borrower
- **Name:** POWERCHORD, INC.
- **Address:** 360 CENTRAL AVE, SAINT PETERSBURG, FL, 33701-3803
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.45M (101%)
- **Forgiveness date:** 08/18/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.43M
- **Jobs reported:** 70
## Lender
- **Originating:** Hancock Whitney Bank
- **Servicing:** Hancock Whitney Bank (MS)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*