# PPP loan: ECA EDUCATIONAL SERVICES INC.
> **$378K** approved 05/01/2020 · Paid in Full · Loan `2939657700`
## Borrower
- **Name:** ECA EDUCATIONAL SERVICES INC.
- **Address:** 1981 Dallavo Dr, Commerce Twp, MI, 48390
- **NAICS:** 339930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $378K
- **Initial approval:** $378K
- **Forgiven:** $382K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $40K
- **Mortgage interest:** $12K
- **Utilities:** $7K
- **Jobs reported:** 48
## 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*