# PPP loan: BLUM & SONS ELECTRIC INC
> **$1.84M** approved 02/06/2021 · Paid in Full · Loan `4505048409`
## Borrower
- **Name:** BLUM & SONS ELECTRIC INC
- **Address:** 606 Linden Ave, Carpinteria, CA, 93013-2040
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.87M (102%)
- **Forgiveness date:** 09/29/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.84M
- **Utilities:** $1
- **Jobs reported:** 89
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*