# PPP loan: REULAND ELECTRIC CO
> **$2.06M** approved 04/06/2020 · Paid in Full · Loan `5913897000`
## Borrower
- **Name:** REULAND ELECTRIC CO
- **Address:** 17969 E Railroad St, CITY OF INDUSTRY, CA, 91748-1113
- **NAICS:** 335312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.06M
- **Initial approval:** $2.06M
- **Forgiven:** $2.06M (100%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Rent:** $515K
- **Jobs reported:** 220
## Lender
- **Originating:** Hilltop National Bank
- **Servicing:** Hilltop National Bank (WY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*