# PPP loan: FREDON CORPORATION
> **$1.57M** approved 04/07/2020 · Paid in Full · Loan `6740947008`
## Borrower
- **Name:** FREDON CORPORATION
- **Address:** 8990 Tyler Blvd, MENTOR, OH, 44060-2185
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.57M
- **Initial approval:** $1.57M
- **Forgiven:** $1.59M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.38M
- **Health care:** $190K
- **Jobs reported:** 99
## 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*