# PPP loan: POWER ENERGY LOGISTICS, LLC
> **$1.12M** approved 04/09/2020 · Paid in Full · Loan `9823317006`
## Borrower
- **Name:** POWER ENERGY LOGISTICS, LLC
- **Address:** 5121 BEE CAVE RD Ste 105, AUSTIN, TX, 78746
- **NAICS:** 484230
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.14M (102%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $20K
- **Jobs reported:** 54
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*