# PPP loan: POWERS PAPER COMPANY, INC.
> **$838K** approved 04/05/2020 · Paid in Full · Loan `5113337009`
## Borrower
- **Name:** POWERS PAPER COMPANY, INC.
- **Address:** 1000 ARMORY PL, BRANDENBURG, KY, 40108-1732
- **NAICS:** 322299
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $838K
- **Initial approval:** $838K
- **Forgiven:** $843K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $838K
- **Jobs reported:** 64
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*