# PPP loan: MEL ELECTRIC INC
> **$153K** approved 04/13/2020 · Paid in Full · Loan `5053017102`
## Borrower
- **Name:** MEL ELECTRIC INC
- **Address:** 902 ENTERPRISE WAY, STE G, NAPA, CA, 94558-6209
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $153K
- **Initial approval:** $153K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 05/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $143K
- **Rent:** $10K
- **Utilities:** $500
- **Jobs reported:** 9
## Lender
- **Originating:** Redwood CU
- **Servicing:** Redwood CU (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*