# PPP loan: POWERLAB INC
> **$754K** approved 04/14/2020 · Paid in Full · Loan `7345887106`
## Borrower
- **Name:** POWERLAB INC
- **Address:** 1145 STATE HIGHWAY 34, TERRELL, TX, 75160-4550
- **NAICS:** 335312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $754K
- **Initial approval:** $754K
- **Forgiven:** $758K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $754K
- **Jobs reported:** 41
## Lender
- **Originating:** The American National Bank of Texas
- **Servicing:** The American National Bank of Texas (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*