# PPP loan: ELAC AMERICAS INC
> **$181K** approved 04/30/2020 · Paid in Full · Loan `7249667306`
## Borrower
- **Name:** ELAC AMERICAS INC
- **Address:** 11145 KNOTT AVE BLDG 8EF, CYPRESS, CA, 90630
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Jobs reported:** 10
## Lender
- **Originating:** First-Citizens Bank & Trust Company
- **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*