# PPP loan: POWERS INN, LLC
> **$194K** approved 04/04/2020 · Paid in Full · Loan `4957797002`
## Borrower
- **Name:** POWERS INN, LLC
- **Address:** 7130 Commerce Center Dr, COLORADO SPRINGS, CO, 80919-2634
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $146K
- **Rent:** $34K
- **Utilities:** $15K
- **Jobs reported:** 53
## Lender
- **Originating:** Bank of Colorado
- **Servicing:** Bank of Colorado (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*