# PPP loan: ECOGEN, INC
> **$2.53M** approved 04/04/2020 · Paid in Full · Loan `4782087009`
## Borrower
- **Name:** ECOGEN, INC
- **Address:** 2536 RIMROCK AVE, GRAND JUNCTION, CO, 81505-8663
- **NAICS:** 424590
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.53M
- **Initial approval:** $2.53M
- **Forgiven:** $2.56M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.90M
- **Rent:** $633K
- **Jobs reported:** 163
## Lender
- **Originating:** Timberline Bank
- **Servicing:** Timberline Bank (CO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*