# PPP loan: COVE ELECTRIC, INC.
> **$380K** approved 04/29/2020 · Paid in Full · Loan `4529067304`
## Borrower
- **Name:** COVE ELECTRIC, INC.
- **Address:** 77-971 WILDCAT DR, Ste F, PALM DESERT, CA, 92211-4133
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $380K
- **Initial approval:** $380K
- **Forgiven:** $382K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $285K
- **Utilities:** $95K
- **Jobs reported:** 24
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*