# PPP loan: HI-TECH WIRING ELECTRIC INC.
> **$312K** approved 04/04/2020 · Paid in Full · Loan `5007987001`
## Borrower
- **Name:** HI-TECH WIRING ELECTRIC INC.
- **Address:** 480 FOREST AVE, LOCUST VALLEY, NY, 11560-2118
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $312K
- **Initial approval:** $312K
- **Forgiven:** $316K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $312K
- **Jobs reported:** 19
## 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*