# PPP loan: POVAC INVESTMENTS, INC.
> **$1.07M** approved 04/07/2020 · Paid in Full · Loan `6920757007`
## Borrower
- **Name:** POVAC INVESTMENTS, INC.
- **Address:** 245 S LOS ROBLES AVE Ste 100, PASADENA, CA, 91101-2820
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Jobs reported:** 72
## Lender
- **Originating:** East West Bank
- **Servicing:** East West Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*