# PPP loan: E & J ELECTRIC, INC
> **$302K** approved 04/08/2020 · Paid in Full · Loan `8198827005`
## Borrower
- **Name:** E & J ELECTRIC, INC
- **Address:** 400 EAST MAIN STREET, SOLON, IA, 52333-8505
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $302K
- **Initial approval:** $302K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $294K
- **Health care:** $8K
- **Jobs reported:** 21
## Lender
- **Originating:** Bridge Community Bank
- **Servicing:** Bridge Community Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*