# PPP loan: CHAMPION ELECTRIC, INC.
> **$1.49M** approved 04/15/2020 · Paid in Full · Loan `2136377205`
## Borrower
- **Name:** CHAMPION ELECTRIC, INC.
- **Address:** 3950 GARNER RD, RIVERSIDE, CA, 92501-1005
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $1.49M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.33M
- **Rent:** $38K
- **Health care:** $125K
- **Jobs reported:** 59
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*