# PPP loan: WESTERN STATES CONVERTERS & TRANSMISSIONS INC.
> **$296K** approved 02/22/2021 · Paid in Full · Loan `2678618500`
## Borrower
- **Name:** WESTERN STATES CONVERTERS & TRANSMISSIONS INC.
- **Address:** 224 Jason Ct, Corona, CA, 92879-6101
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 06/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $296K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*