# PPP loan: SEA PAC ENGINEERING INC.
> **$487K** approved 02/25/2021 · Paid in Full · Loan `4016428502`
## Borrower
- **Name:** SEA PAC ENGINEERING INC.
- **Address:** 625 S New Hampshire Ave # 2, Los Angeles, CA, 90005-1342
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $487K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Commonwealth Business Bank
- **Servicing:** Commonwealth Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*