# PPP loan: CLAUSEN ELECTRIC INC
> **$358K** approved 05/01/2020 · Paid in Full · Loan `6228677708`
## Borrower
- **Name:** CLAUSEN ELECTRIC INC
- **Address:** 19970 MCKEAN RD, SAN JOSE, CA, 95120-2306
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $358K
- **Initial approval:** $358K
- **Forgiven:** $362K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $358K
- **Jobs reported:** 27
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*