# PPP loan: EL CHOLO INC
> **$621K** approved 02/07/2021 · Paid in Full · Loan `4859478406`
## Borrower
- **Name:** EL CHOLO INC
- **Address:** 1121 S Western Ave, Los Angeles, CA, 90006-2314
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $621K
- **Initial approval:** $621K
- **Forgiven:** $624K (101%)
- **Forgiveness date:** 08/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $621K
- **Utilities:** $1
- **Jobs reported:** 78
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*