# PPP loan: REAL ESTATE EQUITY EXCHANGE, INC
> **$3.18M** approved 04/10/2020 · Exemption 4 · Loan `2136467110`
## Borrower
- **Name:** REAL ESTATE EQUITY EXCHANGE, INC
- **Address:** 650 California St. 0.0, San Francisco, CA, 94108-2702
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.18M
- **Initial approval:** $3.18M
- **Forgiven:** $1.59M (50%)
- **Forgiveness date:** 06/11/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.60M
- **Rent:** $575K
- **Jobs reported:** 149
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*