# PPP loan: ECHELCON INC
> **$236K** approved 01/21/2021 · Paid in Full · Loan `2845388305`
## Borrower
- **Name:** ECHELCON INC
- **Address:** 950 S Bascom Ave Ste 1014, San Jose, CA, 95128-3537
- **NAICS:** 236116
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $240K (102%)
- **Forgiveness date:** 08/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $236K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Fremont Bank
- **Servicing:** Fremont Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*