# PPP loan: POWILL MANUFACTURING AND ENGINEERING INC.
> **$1.25M** approved 05/01/2020 · Exemption 4 · Loan `7976897704`
## Borrower
- **Name:** POWILL MANUFACTURING AND ENGINEERING INC.
- **Address:** 21039 north 27th ave, phoenix, AZ, 85027
- **NAICS:** 333318
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.05M (84%)
- **Forgiveness date:** 05/04/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 93
## Lender
- **Originating:** Zions Bank, A Division of
- **Servicing:** Zions Bank, A Division of (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*