# PPP loan: HOLMGREN ELECTRIC INC
> **$292K** approved 03/04/2021 · Paid in Full · Loan `6615198506`
## Borrower
- **Name:** HOLMGREN ELECTRIC INC
- **Address:** 609 Thryselius Dr Unit A, Elburn, IL, 60119-8473
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 04/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $292K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** First Mid Bank and Trust National Association
- **Servicing:** First Mid Bank & Trust, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*