# PPP loan: O'CONNOR ELECTRIC INC.
> **$324K** approved 04/03/2021 · Paid in Full · Loan `5830268708`
## Borrower
- **Name:** O'CONNOR ELECTRIC INC.
- **Address:** 2697 Lavery Ct Ste 23, Newbury Park, CA, 91320-1569
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 12/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $324K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** WebBank
- **Servicing:** WebBank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*