# PPP loan: HIGH POWER ELECTRIC LLC
> **$451K** approved 04/27/2020 · Paid in Full · Loan `5771537208`
## Borrower
- **Name:** HIGH POWER ELECTRIC LLC
- **Address:** 6840 W FRIER DR, GLENDALE, AZ, 85303-1313
- **NAICS:** 221122
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $456K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $338K
- **Rent:** $56K
- **Utilities:** $56K
- **Jobs reported:** 55
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*