# PPP loan: CG ELECTRIC APPLIANCE INC
> **$508K** approved 02/03/2021 · Paid in Full · Loan `2433488402`
## Borrower
- **Name:** CG ELECTRIC APPLIANCE INC
- **Address:** 695 Veterans Blvd, Redwood City, CA, 94063-1408
- **NAICS:** 443141
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $508K
- **Initial approval:** $508K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 01/13/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $508K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*