# PPP loan: POWDER ALLOY CORPORATION
> **$496K** approved 06/26/2020 · Paid in Full · Loan `4462078003`
## Borrower
- **Name:** POWDER ALLOY CORPORATION
- **Address:** 101 NORTHEAST DR, LOVELAND, OH, 45140-7145
- **NAICS:** 331110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 07/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $496K
- **Jobs reported:** 38
## Lender
- **Originating:** Heritage Bank, Inc.
- **Servicing:** Heritage Bank, Inc. (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*