# PPP loan: STANDARD ELECTRIC COMPANY
> **$4.66M** approved 04/10/2020 · Paid in Full · Loan `1325257100`
## Borrower
- **Name:** STANDARD ELECTRIC COMPANY
- **Address:** 2650 Trautner Dr. 0.0, Saginaw, MI, 48064-9599
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.66M
- **Initial approval:** $4.66M
- **Forgiven:** $4.72M (101%)
- **Forgiveness date:** 08/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.69M
- **Rent:** $412K
- **Utilities:** $122K
- **Health care:** $429K
- **Jobs reported:** 363
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*