# PPP loan: DEMON & SON, LLC
> **$250K** approved 05/06/2020 · Charged Off · Loan `3040437406`
## Borrower
- **Name:** DEMON & SON, LLC
- **Address:** 160 Greentree Drive, Dover, DE, 19904
- **NAICS:** 541511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $216K (86%)
- **Forgiveness date:** 03/11/2021
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 70
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*