# PPP loan: ELEMENT 1 CORP
> **$243K** approved 04/13/2020 · Paid in Full · Loan `4903927107`
## Borrower
- **Name:** ELEMENT 1 CORP
- **Address:** 63050 Plateau Drive BEND, OR, 97701, US,, Bend, OR, 97701
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Mortgage interest:** $34K
- **Utilities:** $3K
- **Debt interest:** $12K
- **Jobs reported:** 13
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*