As part of the Paycheck Protection Program POWER DRIVES, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

POWER DRIVES, INC


Loan Amount	$2,115,400
BusinessName	POWER DRIVES, INC
Address	801 Exchange St
City	BUFFALO
State	NY
Zip	14210
NAICSCode	423830
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	153
DateApproved	04/11/2020
Lender	KeyBank National Association
CD	NY-26
BusinessName.clean	POWER DRIVES

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

POWER DRY OF CHICAGO
POWER DYNAMICS INNOVATIONS
POWER ELECTRIC CO
POWER ENERGY LOGISTICS
POWER ENGINEERING CONSTRUCTION COMPANY