# PPP loan: RON JONES ELECTRIC INC.
> **$1.32M** approved 02/03/2021 · Paid in Full · Loan `2656928400`
## Borrower
- **Name:** RON JONES ELECTRIC INC.
- **Address:** 695 Schneider Dr, South Elgin, IL, 60177-1103
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.32M
- **Initial approval:** $1.32M
- **Forgiven:** $1.33M (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.32M
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** First Midwest Bank, A Division of 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*