# PPP loan: ALTEC PRODUCTS
> **$1.51M** approved 04/10/2020 · Paid in Full · Loan `2472537106`
## Borrower
- **Name:** ALTEC PRODUCTS
- **Address:** 23422 MILL CREEK DR STE 250, LAGUNA HILLS, CA, 92653-1248
- **NAICS:** 541990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.51M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.51M
- **Jobs reported:** 80
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*