# PPP loan: HMT ELECTRIC, INC
> **$4.60M** approved 04/08/2020 · Paid in Full · Loan `8321537008`
## Borrower
- **Name:** HMT ELECTRIC, INC
- **Address:** 2340 Meyers Ave, ESCONDIDO, CA, 92029-1008
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.60M
- **Initial approval:** $4.60M
- **Forgiven:** $4.65M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.05M
- **Rent:** $52K
- **Utilities:** $45K
- **Health care:** $450K
- **Jobs reported:** 180
## 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*