# PPP loan: EDCON INC.
> **$497K** approved 04/24/2021 · Paid in Full · Loan `1101838900`
## Borrower
- **Name:** EDCON INC.
- **Address:** 4 MULBERRY ST, PEAK, SC, 29122
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 02/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 39
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*