# PPP loan: POWERSOURCE ELECTRIC INC
> **$177K** approved 04/09/2020 · Paid in Full · Loan `9387817006`
## Borrower
- **Name:** POWERSOURCE ELECTRIC INC
- **Address:** 2330 E MAIN ST, MONTROSE, CO, 81401-3830
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $178K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $177K
- **Jobs reported:** 13
## Lender
- **Originating:** Alpine Bank
- **Servicing:** Alpine Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*