# PPP loan: FEIT ELECTRIC COMPANY, INC
> **$2.98M** approved 04/13/2020 · Paid in Full · Loan `4575597104`
## Borrower
- **Name:** FEIT ELECTRIC COMPANY, INC
- **Address:** 4901 GREGG RD, PICO RIVERA, CA, 90660-2108
- **NAICS:** 423620
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $2.98M
- **Initial approval:** $2.98M
- **Forgiven:** $3.01M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.78M
- **Health care:** $199K
- **Jobs reported:** 195
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*