# PPP loan: POWER PRODUCTION MANAGEMENT INC.
> **$177K** approved 01/27/2021 · Charged Off · Loan `7059838304`
## Borrower
- **Name:** POWER PRODUCTION MANAGEMENT INC.
- **Address:** 625 NW 8th Ave, Gainesville, FL, 32601-5074
- **NAICS:** 221114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $161K (91%)
- **Forgiveness date:** 04/14/2022
- **Status:** Charged Off
- **Term:** 42 months
## Use of funds
- **Payroll:** $177K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Florida CU
- **Servicing:** Florida CU (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*