# PPP loan: ELEMENT ENERGY INC.
> **$234K** approved 03/03/2021 · Paid in Full · Loan `6138618508`
## Borrower
- **Name:** ELEMENT ENERGY INC.
- **Address:** 3479 Edison Way, Menlo Park, CA, 94025-1813
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $215K (92%)
- **Forgiveness date:** 01/28/2022
- **Status:** Paid in Full
- **Term:** 10 months
## Use of funds
- **Payroll:** $234K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Silicon Valley Bridge Bank NA
- **Servicing:** First-Citizens Bank & Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*