# PPP loan: MEDRANO ELECTRIC INC
> **$219K** approved 05/01/2020 · Paid in Full · Loan `4343017705`
## Borrower
- **Name:** MEDRANO ELECTRIC INC
- **Address:** 8505 CHURCH STREET STE#16, GILROY, CA, 95020
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $223K (102%)
- **Forgiveness date:** 04/29/2022
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $219K
- **Jobs reported:** 20
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*