# PPP loan: SERRANO ELECTRIC INC
> **$1.56M** approved 01/20/2021 · Paid in Full · Loan `1933258307`
## Borrower
- **Name:** SERRANO ELECTRIC INC
- **Address:** 15920 Concord Cir, Morgan Hill, CA, 95037-5451
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.56M
- **Initial approval:** $1.56M
- **Forgiven:** $1.58M (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.56M
- **Utilities:** $1
- **Jobs reported:** 79
## 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*