# PPP loan: HENRY ELECTRIC INC
> **$254K** approved 04/28/2020 · Paid in Full · Loan `6949497201`
## Borrower
- **Name:** HENRY ELECTRIC INC
- **Address:** 3709 Transportation Dr, FORT WAYNE, IN, 46818
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 20
## Lender
- **Originating:** STAR Financial Bank
- **Servicing:** STAR Financial Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*