# PPP loan: POWER GROUP SPECIALISTS INC
> **$394K** approved 04/28/2020 · Paid in Full · Loan `8574517207`
## Borrower
- **Name:** POWER GROUP SPECIALISTS INC
- **Address:** 266 BROADWAY, METHUEN, MA, 01844
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $394K
- **Initial approval:** $394K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $394K
- **Jobs reported:** 209
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*