# PPP loan: HOLMGREN ELECTRIC, INC.
> **$226K** approved 04/10/2020 · Paid in Full · Loan `2565817106`
## Borrower
- **Name:** HOLMGREN ELECTRIC, INC.
- **Address:** 609 THRYSELIUS DR UNIT A, ELBURN, IL, 60119-8469
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $221K
- **Rent:** $5K
- **Utilities:** $500
- **Jobs reported:** 11
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*