# PPP loan: HOPEWELL PRECISION, INC. EMPLOYEE STOCK OWNERSHIP PLAN
> **$273K** approved 04/15/2020 · Paid in Full · Loan `1089027207`
## Borrower
- **Name:** HOPEWELL PRECISION, INC. EMPLOYEE STOCK OWNERSHIP PLAN
- **Address:** 19 Ryan Road, Hopewell Junction, NY, 12533
- **NAICS:** 332999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $222K
- **Rent:** $35K
- **Utilities:** $12K
- **Debt interest:** $3K
- **Jobs reported:** 20
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*