# PPP loan: AREA ELECTRONICS SYSTEMS, INC
> **$487K** approved 05/11/2020 · Paid in Full · Loan `5125257409`
## Borrower
- **Name:** AREA ELECTRONICS SYSTEMS, INC
- **Address:** 1247 N LAKEVIEW AVE STE C, ANAHEIM, CA, 92807-1833
- **NAICS:** 423430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $492K (101%)
- **Forgiveness date:** 05/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $487K
- **Jobs reported:** 31
## Lender
- **Originating:** Sunwest Bank
- **Servicing:** Sunwest Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*