# PPP loan: EMPOWER INFORMATION SYSTEMS, INC.
> **$206K** approved 04/08/2020 · Paid in Full · Loan `8622997010`
## Borrower
- **Name:** EMPOWER INFORMATION SYSTEMS, INC.
- **Address:** 732 Thimble Shoals Blvd Suite 103, NEWPORT NEWS, VA, 23606-2574
- **NAICS:** 541513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $209K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $206K
- **Jobs reported:** 16
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*