# PPP loan: SOLON, INC.
> **$3.12M** approved 04/08/2020 · Paid in Full · Loan `7937377001`
## Borrower
- **Name:** SOLON, INC.
- **Address:** 585 S. INTERSTATE 35, DESOTO, TX, 75115-6402
- **NAICS:** 238150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.12M
- **Initial approval:** $3.12M
- **Forgiven:** $3.15M (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 23 months
## Use of funds
- **Payroll:** $3.12M
- **Jobs reported:** 265
## Lender
- **Originating:** Frost Bank
- **Servicing:** Frost Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*