# PPP loan: BLUM & SONS ELECTRIC, INC
> **$1.72M** approved 04/09/2020 · Paid in Full · Loan `9400407007`
## Borrower
- **Name:** BLUM & SONS ELECTRIC, INC
- **Address:** 606 LINDEN AVE, CARPINTERIA, CA, 93013-2040
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.72M
- **Initial approval:** $1.72M
- **Forgiven:** $1.74M (101%)
- **Forgiveness date:** 07/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.57M
- **Rent:** $26K
- **Utilities:** $8K
- **Health care:** $89K
- **Debt interest:** $31K
- **Jobs reported:** 54
## Lender
- **Originating:** Pacific Premier Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*