# PPP loan: PACIFIC POWER & SYSTEMS INC
> **$874K** approved 05/01/2020 · Exemption 4 · Loan `5838577705`
## Borrower
- **Name:** PACIFIC POWER & SYSTEMS INC
- **Address:** 4970 PEABODY RD, FAIRFIELD, CA, 94533-6552
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $874K
- **Initial approval:** $309K
- **Forgiven:** $768K (88%)
- **Forgiveness date:** 03/31/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $874K
- **Jobs reported:** 35
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*