# PPP loan: TELAR INC.
> **$1.27M** approved 02/01/2021 · Exemption 4 · Loan `1117838404`
## Borrower
- **Name:** TELAR INC.
- **Address:** 15501 Little Morongo Rd, Desert Hot Springs, CA, 92240-5004
- **NAICS:** 336120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $436K (34%)
- **Forgiveness date:** 03/14/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 62
## Lender
- **Originating:** Capital Plus Financial, LLC
- **Servicing:** Capital Plus Financial, LLC (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*