# PPP loan: ASSOCIATED ELECTRICS INC
> **$428K** approved 05/01/2020 · Paid in Full · Loan `4866037710`
## Borrower
- **Name:** ASSOCIATED ELECTRICS INC
- **Address:** 21062 BAKE PARKWAY, LAKE FOREST, CA, 92630
- **NAICS:** 339930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $428K
- **Initial approval:** $428K
- **Forgiven:** $435K (102%)
- **Forgiveness date:** 11/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Jobs reported:** 29
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*