# PPP loan: ALESSANDRO ELECTRIC INC
> **$953K** approved 04/07/2021 · Paid in Full · Loan `8439738708`
## Borrower
- **Name:** ALESSANDRO ELECTRIC INC
- **Address:** 11335 Sunrise Gold Cir, Rancho Cordova, CA, 95742-6512
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $953K
- **Initial approval:** $953K
- **Forgiven:** $959K (101%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $953K
- **Jobs reported:** 57
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*