# PPP loan: POWELL'S TIRES & AXLES INC;
> **$587K** approved 04/14/2020 · Paid in Full · Loan `6630657101`
## Borrower
- **Name:** POWELL'S TIRES & AXLES INC;
- **Address:** 635 HIGHWAY 9 BYP W, LORIS, SC, 29569-8235
- **NAICS:** 423130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $587K
- **Initial approval:** $587K
- **Forgiven:** $592K (101%)
- **Forgiveness date:** 03/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $587K
- **Jobs reported:** 60
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*