# PPP loan: POWER GRADE INC
> **$306K** approved 01/28/2021 · Paid in Full · Loan `7544118304`
## Borrower
- **Name:** POWER GRADE INC
- **Address:** 2115 S Cucamonga Ave, Ontario, CA, 91761-5610
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $309K (101%)
- **Forgiveness date:** 01/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $306K
- **Jobs reported:** 14
## Lender
- **Originating:** CommerceWest Bank
- **Servicing:** CommerceWest Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*