# PPP loan: ROCKER SOLENOID COMPANY
> **$938K** approved 04/14/2020 · Paid in Full · Loan `7234037106`
## Borrower
- **Name:** ROCKER SOLENOID COMPANY
- **Address:** 5492 BOLSA AVE, HUNTINGTON BEACH, CA, 92649-1021
- **NAICS:** 336413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $938K
- **Initial approval:** $938K
- **Forgiven:** $942K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $750K
- **Mortgage interest:** $46K
- **Utilities:** $47K
- **Health care:** $94K
- **Jobs reported:** 85
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*