# PPP loan: COMPATIBLE ELECTRONICS INC.
> **$219K** approved 03/01/2021 · Paid in Full · Loan `5803088500`
## Borrower
- **Name:** COMPATIBLE ELECTRONICS INC.
- **Address:** 114 Olinda Dr, Brea, CA, 92823-7036
- **NAICS:** 541990
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $219K
- **Utilities:** $1
- **Jobs reported:** 13
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*