# PPP loan: PETRELLI ELECTRIC INC.
> **$3.96M** approved 04/05/2020 · Paid in Full · Loan `5383237003`
## Borrower
- **Name:** PETRELLI ELECTRIC INC.
- **Address:** 11615 Davenport Rd, SANTA CLARITA, CA, 91390-4690
- **NAICS:** 237130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.96M
- **Initial approval:** $3.96M
- **Forgiven:** $4.01M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.96M
- **Jobs reported:** 122
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*