# PPP loan: I POWER ELECTRIC INC.
> **$362K** approved 03/12/2021 · Exemption 4 · Loan `9365688500`
## Borrower
- **Name:** I POWER ELECTRIC INC.
- **Address:** 2551 Oak Creek Ln, Conyers, GA, 30094-6866
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $346K (96%)
- **Forgiveness date:** 11/10/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $362K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*