# PPP loan: PRODUCTS ENGINEERING CORP
> **$341K** approved 04/08/2020 · Paid in Full · Loan `8639477003`
## Borrower
- **Name:** PRODUCTS ENGINEERING CORP
- **Address:** 2645 MARICOPA ST, TORRANCE, CA, 90503-5144
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 10/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $341K
- **Jobs reported:** 56
## Lender
- **Originating:** Loyal Trust Bank
- **Servicing:** Loyal Trust Bank (GA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*