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Hy-Power Electric Company

$575,000 PPP Loan in New Lenox, Illinois

Loan Details

Loan Number
9280477109
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$575,000
Current Approval
$575,000
Forgiveness Amount
$581,207
Forgiveness Date
May 24, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hy-Power Electric Company
Address
14531 Edison Drive
City
New Lenox
State
Illinois
ZIP Code
60451
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$6.3M
Rural/Urban
Urban
Congressional District
IL-01

Loan Use Breakdown

Payroll
$345,030
Rent
$12,500
Utilities
$750
Health Care
$216,720

Lender Information

Servicing Lender
Lincolnway Community Bank
Originating Lender
Lincolnway Community Bank

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