# PPP loan: POWERS TAX AND ADMINISTRATIVE SERVICES
> **$903K** approved 04/07/2020 · Paid in Full · Loan `6849537007`
## Borrower
- **Name:** POWERS TAX AND ADMINISTRATIVE SERVICES
- **Address:** 610 E 4th St, DULUTH, MN, 55805-2055
- **NAICS:** 445110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $903K
- **Initial approval:** $903K
- **Forgiven:** $909K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $843K
- **Rent:** $3K
- **Mortgage interest:** $50K
- **Utilities:** $4K
- **Debt interest:** $4K
- **Jobs reported:** 140
## Lender
- **Originating:** Members Cooperative CU
- **Servicing:** Members Cooperative CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*