# PPP loan: THOMAS ELECTRIC COMPANY
> **$173K** approved 05/01/2020 · Paid in Full · Loan `5475657705`
## Borrower
- **Name:** THOMAS ELECTRIC COMPANY
- **Address:** 15463 CHEMICAL LN, HUNTINGTON BEACH, CA, 92649-1219
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Jobs reported:** 10
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*