# PPP loan: PROGRESSIVE ELECTRIC CO.
> **$218K** approved 04/15/2020 · Paid in Full · Loan `2177407208`
## Borrower
- **Name:** PROGRESSIVE ELECTRIC CO.
- **Address:** 12622 OCASO DR, SAN DIEGO, CA, 92128
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $218K
- **Jobs reported:** 14
## 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*