# PPP loan: EL ENCANTO INC
> **$2.44M** approved 04/27/2020 · Paid in Full · Loan `4007987203`
## Borrower
- **Name:** EL ENCANTO INC
- **Address:** 2001 4TH ST SW, ALBUQUERQUE, NM, 87102-4520
- **NAICS:** 311412
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.44M
- **Initial approval:** $2.44M
- **Forgiven:** $2.46M (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.44M
- **Jobs reported:** 275
## Lender
- **Originating:** Main Bank
- **Servicing:** Main Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*