# PPP loan: SEAL ELECTRIC, INC.
> **$2.70M** approved 04/14/2020 · Paid in Full · Loan `7631407103`
## Borrower
- **Name:** SEAL ELECTRIC, INC.
- **Address:** 1162 Greenfield Drive, EL CAJON, CA, 92021
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.70M
- **Initial approval:** $2.70M
- **Forgiven:** $2.74M (102%)
- **Forgiveness date:** 01/05/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.70M
- **Jobs reported:** 262
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*