# PPP loan: POWERTEK CORPORATION
> **$2.65M** approved 04/09/2020 · Paid in Full · Loan `9535207003`
## Borrower
- **Name:** POWERTEK CORPORATION
- **Address:** 9420 KEY WEST AVE STE 210, ROCKVILLE, MD, 20850-3334
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.65M
- **Initial approval:** $2.65M
- **Forgiven:** $2.68M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.65M
- **Jobs reported:** 134
## Lender
- **Originating:** United Bank
- **Servicing:** United Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*