Hi-Tech Electric INC

$5,100,000 PPP Loan in Houston, Texas

Loan Details

Loan Number
4406277101
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$5,100,000
Current Approval
$5,100,000
Forgiveness Amount
$5,158,933
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hi-Tech Electric INC
Address
11116 W Little York Bldg 8
State
Texas
ZIP Code
77041
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
337
Estimated Revenue
$110.9M
Rural/Urban
Urban
Congressional District
TX-38

Loan Use Breakdown

Payroll
$3,825,000
Rent
$637,500
Utilities
$637,500

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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