# PPP loan: MAXIMUM ELECTRIC
> **$300K** approved 04/28/2020 · Paid in Full · Loan `6884877206`
## Borrower
- **Name:** MAXIMUM ELECTRIC
- **Address:** 392 West Larch Road 8, Tracy, CA, 95304-1642
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $306K (102%)
- **Forgiveness date:** 03/30/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 10
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*