# PPP loan: CALTEK COMMUNICATIONS INC.
> **$373K** approved 04/27/2020 · Charged Off · Loan `5503197206`
## Borrower
- **Name:** CALTEK COMMUNICATIONS INC.
- **Address:** 4425 E Airport Drive #100, ONTARIO, CA, 91761-7815
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $373K
- **Initial approval:** $373K
- **Forgiven:** $240K (64%)
- **Forgiveness date:** 12/21/2021
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $373K
- **Jobs reported:** 20
## 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*