# PPP loan: CAPITOL VALLEY ELECTRIC
> **$2.42M** approved 04/29/2020 · Paid in Full · Loan `4626467308`
## Borrower
- **Name:** CAPITOL VALLEY ELECTRIC
- **Address:** 8550 Thys Court, Sacramento, CA, 95828
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $2.42M
- **Initial approval:** $2.42M
- **Forgiven:** $2.44M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.42M
- **Jobs reported:** 376
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*