# PPP loan: JERRY ABLES ELECTRIC INC.
> **$688K** approved 04/08/2020 · Paid in Full · Loan `7980427009`
## Borrower
- **Name:** JERRY ABLES ELECTRIC INC.
- **Address:** 433 WHEELING AVE, CAMBRIDGE, OH, 43725-2247
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $688K
- **Initial approval:** $688K
- **Forgiven:** $694K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $516K
- **Rent:** $172K
- **Jobs reported:** 67
## Lender
- **Originating:** Peoples Bank
- **Servicing:** Peoples Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*