# PPP loan: SCHARTON ELECTRIC COMPANY INC.
> **$212K** approved 03/25/2021 · Paid in Full · Loan `8970908607`
## Borrower
- **Name:** SCHARTON ELECTRIC COMPANY INC.
- **Address:** 28730 Cannon Rd, Solon, OH, 44139-1550
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $213K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $212K
- **Jobs reported:** 11
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*