# PPP loan: THE MIDWEST GRIP AND LIGHTING CO
> **$318K** approved 04/07/2020 · Exemption 4 · Loan `7621687004`
## Borrower
- **Name:** THE MIDWEST GRIP AND LIGHTING CO
- **Address:** 5836 HIGHLAND RIDGE DR, CINCINNATI, OH, 45232-1440
- **NAICS:** 532490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $152K (48%)
- **Forgiveness date:** 05/02/2022
- **Status:** Exemption 4
- **Term:** 61 months
## Use of funds
- **Payroll:** $239K
- **Rent:** $68K
- **Mortgage interest:** $3K
- **Utilities:** $9K
- **Jobs reported:** 24
## Lender
- **Originating:** Commerce Bank
- **Servicing:** Commerce Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*