# PPP loan: HOVIS ELECTRIC LLC
> **$259K** approved 04/01/2021 · Paid in Full · Loan `4326898705`
## Borrower
- **Name:** HOVIS ELECTRIC LLC
- **Address:** 2925 W Minnesota St, Indianapolis, IN, 46241-4550
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $260K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $259K
- **Jobs reported:** 24
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*