# PPP loan: POWELL TOOL SUPPLY INC
> **$216K** approved 02/13/2021 · Paid in Full · Loan `8467318403`
## Borrower
- **Name:** POWELL TOOL SUPPLY INC
- **Address:** 1338 Mishawaka Ave, South Bend, IN, 46615-3927
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $218K (101%)
- **Forgiveness date:** 04/28/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $216K
- **Utilities:** $1
- **Jobs reported:** 19
## Lender
- **Originating:** 1st Source Bank
- **Servicing:** 1st Source Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*