# PPP loan: EPSILON ELECTRONICS INC
> **$700K** approved 01/25/2021 · Exemption 4 · Loan `5285668300`
## Borrower
- **Name:** EPSILON ELECTRONICS INC
- **Address:** 1550 S Maple Ave, Montebello, CA, 90640-6508
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $409K (58%)
- **Forgiveness date:** 02/03/2022
- **Status:** Exemption 4
- **Term:** 39 months
## Use of funds
- **Payroll:** $700K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*