# PPP loan: HIRNEISEN ELECTRIC, INC.
> **$1.40M** approved 04/27/2020 · Paid in Full · Loan `5851067209`
## Borrower
- **Name:** HIRNEISEN ELECTRIC, INC.
- **Address:** 1619 Old Lancaster Drive, READING, PA, 19608
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 04/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Jobs reported:** 59
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*