# PPP loan: POWELL'S TRUCK & EQUIPMENT
> **$479K** approved 04/06/2020 · Paid in Full · Loan `5829947010`
## Borrower
- **Name:** POWELL'S TRUCK & EQUIPMENT
- **Address:** 13260 Wards Road, LYNCHBURG, VA, 24501-7130
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $479K
- **Initial approval:** $479K
- **Forgiven:** $482K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $383K
- **Utilities:** $51K
- **Health care:** $45K
- **Jobs reported:** 45
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*