# PPP loan: CENTRAL ELECTRIC COMPANY
> **$444K** approved 04/16/2020 · Paid in Full · Loan `2455907206`
## Borrower
- **Name:** CENTRAL ELECTRIC COMPANY
- **Address:** 430 Walker Street, WATSONVILLE, CA, 95076
- **NAICS:** 335999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $444K
- **Initial approval:** $444K
- **Forgiven:** $449K (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $333K
- **Rent:** $55K
- **Utilities:** $55K
- **Jobs reported:** 18
## Lender
- **Originating:** Santa Cruz County Bank
- **Servicing:** Santa Cruz County Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*