A-1 ELECTRIC SERVICE CO., INC (CA) - 2020 PPP Loan Borrower Profile (# 5274587004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A-1 ELECTRIC SERVICE CO., INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in California.

Loan Detail

Loan Number

5274587004

SBA Office Code

0914

Processing Method

PPP

Curent Loan Amount

$700,000

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$705,408.22

Date Loan was Forgiven

Jan 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

663,000

Debt Interest Proceed

35,000

Lender

American Business Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

CULVER CITY, CA

Project Location

CULVER CITY, CA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.