# PPP loan: HEY AND ASSOCIATES, INC.
> **$487K** approved 04/08/2020 · Paid in Full · Loan `7995097009`
## Borrower
- **Name:** HEY AND ASSOCIATES, INC.
- **Address:** 26575 W Commerce Dr, Suite 601, Volo, IL, 60073-9651
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $365K
- **Mortgage interest:** $116K
- **Utilities:** $6K
- **Jobs reported:** 25
## Lender
- **Originating:** Libertyville Bank & Trust Company, National Association
- **Servicing:** Libertyville Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*