ABBETT ELECTRIC CORPORAION (CA) - 2020 PPP Loan Borrower Profile (# 2299297210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABBETT ELECTRIC CORPORAION. 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

2299297210

SBA Office Code

0912

Processing Method

PPP

Curent Loan Amount

$572,750

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$580,909.73

Date Loan was Forgiven

Oct 4, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

572,750

Lender

Heritage Bank of Commerce

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

SAN FRANCISCO, CA

Project Location

SAN FRANCISCO, CA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.