# PPP loan: CALHOUN ELECTRIC, INC.
> **$208K** approved 04/28/2020 · Charged Off · Loan `1806917305`
## Borrower
- **Name:** CALHOUN ELECTRIC, INC.
- **Address:** 1545 SIMPSON WAY, ESCONDIDO, CA, 92029-1203
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $146K (70%)
- **Forgiveness date:** 02/02/2022
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $208K
- **Jobs reported:** 13
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*