# PPP loan: MACALUSO ELECTRIC INC
> **$159K** approved 04/15/2020 · Paid in Full · Loan `2048107205`
## Borrower
- **Name:** MACALUSO ELECTRIC INC
- **Address:** 551 REDWOOD AVE, SAND CITY, CA, 93955
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $161K (102%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Jobs reported:** 10
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*