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Hy-Power Electric Company

$575,000 PPP Loan in New Lenox, Illinois

Loan Details

Loan Number
4318428606
Date Approved
Mar 18, 2021
Loan Status
Paid in Full
Initial Approval
$575,000
Current Approval
$575,000
Forgiveness Amount
$577,079
Forgiveness Date
Aug 3, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Hy-Power Electric Company
Address
14531 W Edison Dr
City
New Lenox
State
Illinois
ZIP Code
60451-3672
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$7.6M
Rural/Urban
Urban
Congressional District
IL-01

Loan Use Breakdown

Payroll
$574,997
Utilities
$1

Lender Information

Servicing Lender
Lincolnway Community Bank
Originating Lender
Lincolnway Community Bank

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