# PPP loan: RH ELECTRONICS
> **$156K** approved 05/18/2020 · Exemption 4 · Loan `8451337408`
## Borrower
- **Name:** RH ELECTRONICS
- **Address:** 3648 OCEAN RANCH BLVD, Oceanside, CA, 92056
- **NAICS:** 335999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $132K (85%)
- **Forgiveness date:** 10/21/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $117K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 6
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Square Capital, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*