# PPP loan: POWER ONE, LLC
> **$876K** approved 04/15/2020 · Paid in Full · Loan `2016387203`
## Borrower
- **Name:** POWER ONE, LLC
- **Address:** 2550 E. MIRALOMA WAY 200, ANAHEIM, CA, 92806-1698
- **NAICS:** 561210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $876K
- **Initial approval:** $876K
- **Forgiven:** $887K (101%)
- **Forgiveness date:** 07/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $831K
- **Rent:** $12K
- **Utilities:** $6K
- **Health care:** $27K
- **Jobs reported:** 51
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*