# PPP loan: POWER TEC INC
> **$273K** approved 01/23/2021 · Paid in Full · Loan `4997158304`
## Borrower
- **Name:** POWER TEC INC
- **Address:** 8057 SH 35N, VAN VLECK, TX, 77482
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $274K (100%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $273K
- **Utilities:** $1
- **Jobs reported:** 68
## Lender
- **Originating:** Prosperity Bank
- **Servicing:** Prosperity Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*