# PPP loan: ON TARGET ELECTRIC INC.
> **$955K** approved 01/25/2021 · Paid in Full · Loan `5509378307`
## Borrower
- **Name:** ON TARGET ELECTRIC INC.
- **Address:** 17691 Mitchell N, Irvine, CA, 92614-6827
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $955K
- **Initial approval:** $955K
- **Forgiven:** $960K (101%)
- **Forgiveness date:** 08/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $955K
- **Jobs reported:** 64
## Lender
- **Originating:** California Bank of Commerce, NA
- **Servicing:** California Bank of Commerce, NA (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*