# PPP loan: RAND ENGINEERING, INCORPORATED
> **$494K** approved 04/15/2020 · Paid in Full · Loan `1348157206`
## Borrower
- **Name:** RAND ENGINEERING, INCORPORATED
- **Address:** 15495 Olde Highway 80, EL CAJON, CA, 92021-2409
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $497K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $473K
- **Rent:** $20K
- **Utilities:** $1K
- **Jobs reported:** 34
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*