# PPP loan: HYCOMP, INC.
> **$490K** approved 04/08/2020 · Paid in Full · Loan `7933217002`
## Borrower
- **Name:** HYCOMP, INC.
- **Address:** 60 WEST 3800 NORTH, HYDE PARK, UT, 84318-4114
- **NAICS:** 333912
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $494K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $362K
- **Rent:** $28K
- **Utilities:** $100K
- **Jobs reported:** 33
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*