# PPP loan: THE POWERS MANUFACTURING COMPANY
> **$710K** approved 04/07/2020 · Paid in Full · Loan `6985047007`
## Borrower
- **Name:** THE POWERS MANUFACTURING COMPANY
- **Address:** 1340 SYCAMORE ST, WATERLOO, IA, 50703-4855
- **NAICS:** 315990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $710K
- **Initial approval:** $710K
- **Forgiven:** $714K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $710K
- **Jobs reported:** 94
## Lender
- **Originating:** BankIowa
- **Servicing:** BankIowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*