# PPP loan: RARE ELECTRIC
> **$196K** approved 05/01/2020 · Paid in Full · Loan `9163357305`
## Borrower
- **Name:** RARE ELECTRIC
- **Address:** 432 COMMERCE CT SUITE D, LOMPOC, CA, 93436
- **NAICS:** 238210
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 04/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $196K
- **Jobs reported:** 17
## Lender
- **Originating:** Mechanics Bank
- **Servicing:** Mechanics Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*