# PPP loan: ESS TECH, INC.
> **$936K** approved 04/07/2020 · Paid in Full · Loan `6952647003`
## Borrower
- **Name:** ESS TECH, INC.
- **Address:** 26440 SW PARKWAY AVE, WILSONVILLE, OR, 97070-9227
- **NAICS:** 335911
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $936K
- **Initial approval:** $936K
- **Forgiven:** $948K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $729K
- **Rent:** $158K
- **Utilities:** $19K
- **Debt interest:** $31K
- **Jobs reported:** 60
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*