# PPP loan: MAC GC-ELECTRIC, INC.
> **$758K** approved 05/01/2020 · Paid in Full · Loan `2497617701`
## Borrower
- **Name:** MAC GC-ELECTRIC, INC.
- **Address:** 10439 ROSELLE ST, SAN DIEGO, CA, 92121
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $758K
- **Initial approval:** $758K
- **Forgiven:** $766K (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $696K
- **Rent:** $17K
- **Utilities:** $7K
- **Health care:** $38K
- **Jobs reported:** 320
## 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*