# PPP loan: MPOWER FINANCING PUBLIC BENEFIT CORPORATION
> **$597K** approved 04/27/2020 · Paid in Full · Loan `5160887209`
## Borrower
- **Name:** MPOWER FINANCING PUBLIC BENEFIT CORPORATION
- **Address:** 1101 Connecticut Avenue, WASHINGTON, DC, 20036-4359
- **NAICS:** 561499
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $597K
- **Initial approval:** $597K
- **Forgiven:** $601K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $597K
- **Jobs reported:** 34
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*