# PPP loan: SSEC INC
> **$271K** approved 04/09/2020 · Paid in Full · Loan `8858257007`
## Borrower
- **Name:** SSEC INC
- **Address:** 150 Lozanos Road, NEWCASTLE, CA, 95658-9510
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $273K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Rent:** $15K
- **Mortgage interest:** $3K
- **Utilities:** $13K
- **Jobs reported:** 36
## Lender
- **Originating:** Five Star Bank
- **Servicing:** Five Star Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*