# PPP loan: HY-ELECTRIC, INC.
> **$318K** approved 04/06/2020 · Paid in Full · Loan `6350197002`
## Borrower
- **Name:** HY-ELECTRIC, INC.
- **Address:** 4590 N 48th Street, LINCOLN, NE, 68504-1414
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $318K
- **Jobs reported:** 27
## Lender
- **Originating:** Pinnacle Bank
- **Servicing:** Pinnacle Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*