# PPP loan: SERRANO ELECTRIC, INC
> **$1.63M** approved 04/07/2020 · Paid in Full · Loan `6852517002`
## Borrower
- **Name:** SERRANO ELECTRIC, INC
- **Address:** 1705 Russell Av, SANTA CLARA, CA, 95054-2032
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.63M
- **Initial approval:** $1.63M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 03/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.59M
- **Rent:** $29K
- **Utilities:** $6K
- **Jobs reported:** 113
## Lender
- **Originating:** Western Alliance Bank
- **Servicing:** Western Alliance Bank (AZ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*