# PPP loan: PORTERMATT ELECTRIC, INC.
> **$2.41M** approved 04/08/2020 · Paid in Full · Loan `7969027006`
## Borrower
- **Name:** PORTERMATT ELECTRIC, INC.
- **Address:** 5431 PRODUCTION DR, HUNTINGTON BEACH, CA, 92649-1524
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.41M
- **Initial approval:** $2.48M
- **Forgiven:** $2.44M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.34M
- **Health care:** $72K
- **Jobs reported:** 193
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*