# PPP loan: POWER & PANEL CONCEPTS, INC.
> **$369K** approved 04/07/2020 · Paid in Full · Loan `7020707002`
## Borrower
- **Name:** POWER & PANEL CONCEPTS, INC.
- **Address:** 1270 Highway 243 PO Box 119, GRAVEL SWITCH, KY, 40328-0119
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Forgiven:** $375K (102%)
- **Forgiveness date:** 10/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $369K
- **Jobs reported:** 32
## Lender
- **Originating:** The Farmers National Bank of Danville
- **Servicing:** The Farmers National Bank of Danville (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*