# PPP loan: HIGHWAY ELECTRIC INC
> **$165K** approved 04/06/2020 · Paid in Full · Loan `5706357010`
## Borrower
- **Name:** HIGHWAY ELECTRIC INC
- **Address:** 937 FENTRESS AIRFIELD RD, CHESAPEAKE, VA, 23322-1366
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Jobs reported:** 17
## Lender
- **Originating:** Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU
- **Servicing:** Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*