# PPP loan: POWER & INDUSTRIAL AIR SYSTEMS INC
> **$170K** approved 01/27/2021 · Paid in Full · Loan `6568458301`
## Borrower
- **Name:** POWER & INDUSTRIAL AIR SYSTEMS INC
- **Address:** 5281 Hamilton Blvd, Allentown, PA, 18106-9113
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $170K
- **Utilities:** $1
- **Jobs reported:** 6
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*