# PPP loan: INDUCTORS, INC.
> **$286K** approved 04/10/2020 · Paid in Full · Loan `2588567106`
## Borrower
- **Name:** INDUCTORS, INC.
- **Address:** 1740 W COLLINS AVE, ORANGE, CA, 92867-5423
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $290K (102%)
- **Forgiveness date:** 11/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $286K
- **Jobs reported:** 19
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*