# PPP loan: SOLOMON COLORS INC
> **$2.53M** approved 04/09/2020 · Paid in Full · Loan `9457737002`
## Borrower
- **Name:** SOLOMON COLORS INC
- **Address:** Solomon Colors, Inc, SPRINGFIELD, IL, 62702
- **NAICS:** 325130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.53M
- **Initial approval:** $2.53M
- **Forgiven:** $2.56M (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.89M
- **Rent:** $632K
- **Jobs reported:** 151
## Lender
- **Originating:** Carrollton Bank
- **Servicing:** Carrollton Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*