# PPP loan: CAL ELECTRO, INC.
> **$428K** approved 01/16/2021 · Paid in Full · Loan `1336638305`
## Borrower
- **Name:** CAL ELECTRO, INC.
- **Address:** 3710 Electro Way, Redding, CA, 96002-9326
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $428K
- **Initial approval:** $428K
- **Forgiven:** $431K (101%)
- **Forgiveness date:** 09/21/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $428K
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** Cornerstone Community Bank
- **Servicing:** Cornerstone Community Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*