# PPP loan: CALIFORNIA AUDIO TECHNOLOGY INC
> **$173K** approved 02/24/2021 · Exemption 4 · Loan `3602878506`
## Borrower
- **Name:** CALIFORNIA AUDIO TECHNOLOGY INC
- **Address:** 1700 Terminal St, West Sacramento, CA, 95691-3821
- **NAICS:** 334310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $162K (94%)
- **Forgiveness date:** 01/09/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $173K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*