# PPP loan: TURNER ELECTRIC COMPANY
> **$1.18M** approved 04/09/2020 · Paid in Full · Loan `9472717005`
## Borrower
- **Name:** TURNER ELECTRIC COMPANY
- **Address:** 8530 W. Central Avenue, SYLVANIA, OH, 43560
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.20M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 43
## Lender
- **Originating:** The Farmers & Merchants State Bank
- **Servicing:** The Farmers & Merchants State Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*