As part of the Paycheck Protection Program POWERRAIL DISTRIBUTION 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.

POWERRAIL DISTRIBUTION INC


Loan Amount	$875,000
BusinessName	POWERRAIL DISTRIBUTION INC
Address	205 CLARK ROAD
City	DURYEA
State	PA
Zip	18642
NAICSCode	423860
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	70
DateApproved	04/09/2020
Lender	FNCB Bank
CD	PA-08
BusinessName.clean	POWERRAIL DISTRIBUTION

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

POWERRIDE MOTORSPORTS
POWERS AND SONS CONSTRUCTION CO
POWERS BROWN ARCHITECTURE MANAGEMENT
ARTISANAL BREWERS COLLECTIVE
POWERS PET EMERGENCY SERVICES OF COLORADO SPRINGS