# PPP loan: POWER ELECTRIC SB CO., INC.
> **$269K** approved 04/27/2020 · Paid in Full · Loan `4364377206`
## Borrower
- **Name:** POWER ELECTRIC SB CO., INC.
- **Address:** 212 SALISBURY AVE, GOLETA, CA, 93117
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 05/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $269K
- **Jobs reported:** 28
## Lender
- **Originating:** Montecito Bank & Trust
- **Servicing:** Montecito Bank & Trust (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*