# PPP loan: SCHWARTZ ELECTRIC, INC.
> **$210K** approved 05/01/2020 · Paid in Full · Loan `8835927309`
## Borrower
- **Name:** SCHWARTZ ELECTRIC, INC.
- **Address:** 1044 Pioneer Way Suite C, El Cajon, CA, 92020
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $210K
- **Initial approval:** $210K
- **Forgiven:** $214K (102%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Jobs reported:** 17
## Lender
- **Originating:** Customers Bank
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*