# PPP loan: J. SIMON & SONS ELECTRIC CONTRACTORS COMPANY
> **$650K** approved 04/10/2020 · Paid in Full · Loan `2586427106`
## Borrower
- **Name:** J. SIMON & SONS ELECTRIC CONTRACTORS COMPANY
- **Address:** 3773 Twelve Mile Rd, Berkley, MI, 48072-1113
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $654K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Jobs reported:** 44
## Lender
- **Originating:** First Merchants Bank
- **Servicing:** First Merchants Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*