# PPP loan: RESCO ELECTRIC INC
> **$231K** approved 02/05/2021 · Paid in Full · Loan `4066878408`
## Borrower
- **Name:** RESCO ELECTRIC INC
- **Address:** 2431 W Washington Blvd, Los Angeles, CA, 90018-1451
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 05/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $231K
- **Jobs reported:** 16
## Lender
- **Originating:** Capital Plus Financial, LLC
- **Servicing:** Capital Plus Financial, LLC (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*