# PPP loan: HOPP ELECTRIC INC.
> **$892K** approved 03/12/2021 · Paid in Full · Loan `9050158500`
## Borrower
- **Name:** HOPP ELECTRIC INC.
- **Address:** 25730 1st St, Westlake, OH, 44145-1432
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $892K
- **Initial approval:** $892K
- **Forgiven:** $897K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $892K
- **Jobs reported:** 58
## Lender
- **Originating:** KeyBank National Association
- **Servicing:** KeyBank National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*