# PPP loan: JOHN TOWING AND RECOVERY
> **$175K** approved 05/12/2020 · Paid in Full · Loan `5697757401`
## Borrower
- **Name:** JOHN TOWING AND RECOVERY
- **Address:** 175 East Washington Avenue, El Cajon, CA, 92020
- **NAICS:** 484110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $131K
- **Rent:** $22K
- **Utilities:** $22K
- **Jobs reported:** 24
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*