Heliponix (dba Anu) Financing Discussion
Summary
Heliponix was counting on an SBA loan to cover balloon payments on its first two city loans, but changing federal requirements killed the deal despite pre-approval. The board deferred those loans to 2027 and cut a third loan to 4% interest to keep the company afloat while it chases new 90%-guaranteed supply-chain loans.
At a glance
- Total mentions
- 4
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 23, 2026.
Impact analysis
Deferred payments and a reduced 4% rate lower Heliponix's payments to roughly $416 a month on the third loan, delaying city loan revenue until 2027.
Heliponix and its employees get cash flow relief to keep operating and hitting sales targets.
Mentions & discussions (4)
Loan Administration Board - Oct 23, 2026
The board wants an update from Helponics at the January meeting. Its first two loans are deferred, the third is interest-only at a reduced rate, and its earlier SBA request was denied due to changed federal guidelines; new SBA loan opportunities may be pursued.
Loan Administration Board - May 22, 2026
Heliponix was counting on an SBA loan to cover balloon payments on its first two city loans, but changing federal requirements killed the deal despite pre-approval. The board deferred those loans to 2027 and cut a third loan to 4% interest to keep the company afloat while it chases new 90%-guaranteed supply-chain loans.
Loan Administration Board - Feb 27, 2026
The board was set to discuss Heliponix, an Evansville company doing business as Anu. Any loan or financing decision involving this company would put public loan dollars behind a local business.
Board of County Commissioners & Drainage Board - Jan 27, 2026
The county's 2026 service agreement with the Evansville Regional Economic Partnership and its semi-annual report were up for consideration.
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