# PPP loan: HORSEPOWER ELECTRIC & MAINTENANCE CORP.
> **$4.40M** approved 04/10/2020 · Paid in Full · Loan `1499957109`
## Borrower
- **Name:** HORSEPOWER ELECTRIC & MAINTENANCE CORP.
- **Address:** 4101 1ST AVE, BROOKLYN, NY, 11232-3329
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $4.40M
- **Initial approval:** $3.66M
- **Forgiven:** $4.47M (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.40M
- **Jobs reported:** 190
## Lender
- **Originating:** BankUnited, National Association
- **Servicing:** BankUnited, National Association (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*