# PPP loan: M.B. HERZOG ELECTRIC INC.
> **$2.00M** approved 03/20/2021 · Paid in Full · Loan `6149378601`
## Borrower
- **Name:** M.B. HERZOG ELECTRIC INC.
- **Address:** 15709 Illinois Ave, Paramount, CA, 90723-4112
- **NAICS:** 221121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 03/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 140
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*