# PPP loan: ALECO ELECTRIC INC.
> **$399K** approved 04/14/2020 · Paid in Full · Loan `7032917101`
## Borrower
- **Name:** ALECO ELECTRIC INC.
- **Address:** 607 ELMIRA RD #314, VACAVILLE, CA, 95687-4655
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $399K
- **Initial approval:** $399K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 09/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $399K
- **Jobs reported:** 29
## Lender
- **Originating:** First Northern Bank of Dixon
- **Servicing:** First Northern Bank of Dixon (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*