# PPP loan: CLE ELECTRIC, INC.
> **$438K** approved 04/30/2020 · Exemption 4 · Loan `7533667303`
## Borrower
- **Name:** CLE ELECTRIC, INC.
- **Address:** 22115 VERMONT AVE, TORRANCE, CA, 90502
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $438K
- **Initial approval:** $438K
- **Forgiven:** $399K (91%)
- **Forgiveness date:** 02/02/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $438K
- **Jobs reported:** 18
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*