# PPP loan: LIFT POWER, INC.
> **$1.52M** approved 04/07/2020 · Paid in Full · Loan `6557777007`
## Borrower
- **Name:** LIFT POWER, INC.
- **Address:** 6801 SUEMAC PL, JACKSONVILLE, FL, 32254-2723
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.53M (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.40M
- **Rent:** $30K
- **Utilities:** $20K
- **Health care:** $65K
- **Jobs reported:** 120
## Lender
- **Originating:** First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*