# PPP loan: POWERCO INC.
> **$614K** approved 04/09/2020 · Paid in Full · Loan `8995077008`
## Borrower
- **Name:** POWERCO INC.
- **Address:** 12 STATE ROUTE 173, CLINTON, NJ, 08809-1269
- **NAICS:** 441228
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $614K
- **Initial approval:** $614K
- **Forgiven:** $619K (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $454K
- **Rent:** $71K
- **Utilities:** $17K
- **Health care:** $72K
- **Jobs reported:** 47
## Lender
- **Originating:** ESSA Bank & Trust
- **Servicing:** ESSA Bank & Trust (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*