# PPP loan: ELCON ELECTRIC INCORPORATED
> **$372K** approved 02/02/2021 · Exemption 4 · Loan `1469458401`
## Borrower
- **Name:** ELCON ELECTRIC INCORPORATED
- **Address:** 668 S Military Trl, Deerfield Beach, FL, 33442-3023
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $372K
- **Initial approval:** $372K
- **Forgiven:** $332K (89%)
- **Forgiveness date:** 11/08/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $372K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** Synovus Bank
- **Servicing:** Synovus Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*