# PPP loan: BUDGET ELECTRICAL CONTRACTORS INC
> **$1.17M** approved 01/25/2021 · Paid in Full · Loan `5151088308`
## Borrower
- **Name:** BUDGET ELECTRICAL CONTRACTORS INC
- **Address:** 25051 5th St, San Bernardino, CA, 92410-5119
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.17M
- **Initial approval:** $1.17M
- **Forgiven:** $971K (83%)
- **Forgiveness date:** 06/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.17M
- **Utilities:** $1
- **Jobs reported:** 110
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*