# PPP loan: J. GROTHE ELECTRIC INC
> **$296K** approved 03/06/2021 · Paid in Full · Loan `7745068505`
## Borrower
- **Name:** J. GROTHE ELECTRIC INC
- **Address:** 15632 El Prado Rd, Chino, CA, 91710-9108
- **NAICS:** 236220
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $296K
- **Jobs reported:** 18
## Lender
- **Originating:** Citizens Business Bank
- **Servicing:** Citizens Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*