# PPP loan: ROVAZZINI ELECTRIC INC
> **$205K** approved 03/12/2021 · Charged Off · Loan `9699428503`
## Borrower
- **Name:** ROVAZZINI ELECTRIC INC
- **Address:** 16909 S Broadway, Gardena, CA, 90248-3111
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $174K (85%)
- **Forgiveness date:** 06/01/2023
- **Status:** Charged Off
- **Term:** 30 months
## Use of funds
- **Payroll:** $205K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** US Bank National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*