# PPP loan: MEGA HZ ELECTRIC, INC
> **$163K** approved 04/10/2021 · Paid in Full · Loan `1586048809`
## Borrower
- **Name:** MEGA HZ ELECTRIC, INC
- **Address:** 1290 Monterey Pass Rd, Monterey Park, CA, 91754-3617
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 11/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 17
## Lender
- **Originating:** Fountainhead SBF LLC
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*