# PPP loan: SCHETTER ELECTRIC, LLC
> **$3.39M** approved 04/07/2020 · Paid in Full · Loan `7063487008`
## Borrower
- **Name:** SCHETTER ELECTRIC, LLC
- **Address:** 471 Bannon Street, SACRAMENTO, CA, 95811-0203
- **NAICS:** 238210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $3.39M
- **Initial approval:** $3.39M
- **Forgiven:** $3.43M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.39M
- **Jobs reported:** 189
## Lender
- **Originating:** River City Bank
- **Servicing:** River City Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*