# PPP loan: FOSMOND ENTERPRISES INC.
> **$301K** approved 02/08/2021 · Paid in Full · Loan `5217388406`
## Borrower
- **Name:** FOSMOND ENTERPRISES INC.
- **Address:** 4 Sea Cove Ln, Newport Beach, CA, 92660-6222
- **NAICS:** 448110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $301K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*