# PPP loan: R.A.G. ELECTRIC INC
> **$513K** approved 04/27/2020 · Paid in Full · Loan `6276867210`
## Borrower
- **Name:** R.A.G. ELECTRIC INC
- **Address:** 5311 VENICE BLVD, LOS ANGELES, CA, 90019-5239
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $520K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $103K
- **Utilities:** $26K
- **Jobs reported:** 127
## Lender
- **Originating:** PCB Bank
- **Servicing:** PCB Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*