ABSOLUT ELECTRIC INC (CA) - 2020 PPP Loan Borrower Profile (# 5530267307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUT ELECTRIC 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

5530267307

SBA Office Code

0931

Processing Method

PPP

Curent Loan Amount

$107,495

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$108,519.19

Date Loan was Forgiven

Apr 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

107,495

Lender

BMO Bank National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

West Sacramento, CA

Project Location

West Sacramento, CA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.