# PPP loan: KALTEC ELECTRONICS, INC.
> **$889K** approved 06/20/2020 · Paid in Full · Loan `9844957902`
## Borrower
- **Name:** KALTEC ELECTRONICS, INC.
- **Address:** 16220 Bloomfield Ave., CERRITOS, CA, 90703-2113
- **NAICS:** 332510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $889K
- **Initial approval:** $889K
- **Forgiven:** $899K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $805K
- **Rent:** $75K
- **Utilities:** $10K
- **Jobs reported:** 69
## Lender
- **Originating:** United Business Bank
- **Servicing:** United Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*