# PPP loan: ELECTRICAL DESIGN & MOTOR CONTROL INC
> **$1.48M** approved 04/27/2020 · Paid in Full · Loan `5817277209`
## Borrower
- **Name:** ELECTRICAL DESIGN & MOTOR CONTROL INC
- **Address:** 500 Giuseppe Court #4, ROSEVILLE, CA, 95678-6305
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Rent:** $40K
- **Jobs reported:** 84
## Lender
- **Originating:** Five Star Bank
- **Servicing:** Five Star Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*