# PPP loan: LITESPEED ELECTRIC INC.
> **$1.92M** approved 04/16/2021 · Paid in Full · Loan `4399448809`
## Borrower
- **Name:** LITESPEED ELECTRIC INC.
- **Address:** 135 W 29th St, New York, NY, 10001-5104
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.92M
- **Initial approval:** $1.92M
- **Forgiven:** $1.95M (101%)
- **Forgiveness date:** 08/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.92M
- **Utilities:** $1
- **Jobs reported:** 48
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*