# PPP loan: NPOWER INC.
> **$2.51M** approved 04/06/2020 · Paid in Full · Loan `5666607007`
## Borrower
- **Name:** NPOWER INC.
- **Address:** 55 Washington Street Suite 560, BROOKLYN, NY, 11201-0004
- **NAICS:** 624310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.54M (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.37M
- **Rent:** $138K
- **Utilities:** $5K
- **Jobs reported:** 120
## Lender
- **Originating:** DR Bank
- **Servicing:** DR Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*