# PPP loan: HOVIS ELECTRIC LLC
> **$249K** approved 04/28/2020 · Paid in Full · Loan `8176087203`
## Borrower
- **Name:** HOVIS ELECTRIC LLC
- **Address:** 2925 W Minnesota St, INDIANAPOLIS, IN, 46241
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $249K
- **Jobs reported:** 9
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*