# PPP loan: COMPATIBLE ELECTRONICS, INC.
> **$228K** approved 04/30/2020 · Paid in Full · Loan `6737367304`
## Borrower
- **Name:** COMPATIBLE ELECTRONICS, INC.
- **Address:** 102 OLINDA DR, BREA, CA, 92823-7036
- **NAICS:** 541380
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $250K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Jobs reported:** 16
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*