# PPP loan: HACKNEY ELECTRIC, INC.
> **$1.27M** approved 04/10/2020 · Paid in Full · Loan `1561527100`
## Borrower
- **Name:** HACKNEY ELECTRIC, INC.
- **Address:** 23286 ARROYO VIS, RANCHO SANTA MARGARITA, CA, 92688-2610
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.35M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $168K
- **Jobs reported:** 90
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*