# PPP loan: B & K ELECTRIC WHOLESALE
> **$618K** approved 04/16/2020 · Paid in Full · Loan `2379087206`
## Borrower
- **Name:** B & K ELECTRIC WHOLESALE
- **Address:** 1225 S. JOHNSON DR, CITY OF INDUSTRY, CA, 91745-2409
- **NAICS:** 423610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $618K
- **Initial approval:** $618K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $567K
- **Health care:** $51K
- **Jobs reported:** 38
## Lender
- **Originating:** SMBC MANUBANK
- **Servicing:** SMBC MANUBANK (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*