# PPP loan: AIR ELECTRO INC.
> **$588K** approved 01/30/2021 · Paid in Full · Loan `8727948303`
## Borrower
- **Name:** AIR ELECTRO INC.
- **Address:** 9452 De Soto Ave, Chatsworth, CA, 91311-4910
- **NAICS:** 334417
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $588K
- **Initial approval:** $588K
- **Forgiven:** $595K (101%)
- **Forgiveness date:** 06/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $587K
- **Jobs reported:** 65
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*