# PPP loan: EC LOS ANGELES LANGUAGE CENTER INC.
> **$181K** approved 03/15/2021 · Exemption 4 · Loan `2331468602`
## Borrower
- **Name:** EC LOS ANGELES LANGUAGE CENTER INC.
- **Address:** 401 Wilshire Blvd Ste 200, Santa Monica, CA, 90401-1429
- **NAICS:** 611630
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $158K (88%)
- **Forgiveness date:** 03/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $181K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*