# PPP loan: INTERSTATE ELECTRIC CO. INC.
> **$301K** approved 02/25/2021 · Paid in Full · Loan `4338828507`
## Borrower
- **Name:** INTERSTATE ELECTRIC CO. INC.
- **Address:** 2240 Yates Ave, Commerce, CA, 90040-1914
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $304K (101%)
- **Forgiveness date:** 04/05/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $301K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*