# PPP loan: HICKS ELECTRIC INC
> **$150K** approved 02/26/2021 · Paid in Full · Loan `4607868507`
## Borrower
- **Name:** HICKS ELECTRIC INC
- **Address:** 1910 3rd Ave SE, Rochester, MN, 55904-7923
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $151K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $150K
- **Utilities:** $1
- **Jobs reported:** 6
## Lender
- **Originating:** Premier Bank Minnesota
- **Servicing:** Premier Bank Minnesota (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*