# PPP loan: POWERTEC ELECTRIC LLC
> **$176K** approved 04/14/2020 · Paid in Full · Loan `7595607106`
## Borrower
- **Name:** POWERTEC ELECTRIC LLC
- **Address:** 1704 SHIP AVE, ANCHORAGE, AK, 99501-1807
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 02/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Jobs reported:** 10
## Lender
- **Originating:** NuVision FCU
- **Servicing:** NuVision FCU (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*