# PPP loan: HIBBS ELECTROMECHANICAL, INC
> **$725K** approved 04/05/2020 · Paid in Full · Loan `5509577007`
## Borrower
- **Name:** HIBBS ELECTROMECHANICAL, INC
- **Address:** 1300 INDUSTRIAL RD, MADISONVILLE, KY, 42431-7403
- **NAICS:** 811411
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $725K
- **Initial approval:** $725K
- **Forgiven:** $732K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $725K
- **Jobs reported:** 50
## Lender
- **Originating:** First United Bank and Trust Company
- **Servicing:** First United Bank and Trust Company (KY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*