# PPP loan: RON JONES ELECTRIC, INC.
> **$849K** approved 04/12/2020 · Paid in Full · Loan `3933707107`
## 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:** $849K
- **Initial approval:** $849K
- **Forgiven:** $854K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $849K
- **Jobs reported:** 49
## Lender
- **Originating:** First Midwest Bank, A Division of Old National Bank
- **Servicing:** Old National Bank (IN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*