# PPP loan: POWERS BROTHERS, INC.
> **$404K** approved 04/14/2020 · Paid in Full · Loan `7904777105`
## Borrower
- **Name:** POWERS BROTHERS, INC.
- **Address:** 1436 E TUDOR ROAD, ANCHORAGE, AK, 99507
- **NAICS:** 713290
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $404K
- **Initial approval:** $404K
- **Forgiven:** $407K (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Rent:** $98K
- **Utilities:** $25K
- **Health care:** $27K
- **Jobs reported:** 47
## Lender
- **Originating:** First National Bank Alaska
- **Servicing:** First National Bank Alaska (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*