# PPP loan: EAST EL PASEO 111 INC.
> **$604K** approved 06/03/2020 · Charged Off · Loan `7329567801`
## Borrower
- **Name:** EAST EL PASEO 111 INC.
- **Address:** 41841 BEACON HL STE A1, PALM DESERT, CA, 92211-5189
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $604K
- **Initial approval:** $604K
- **Forgiven:** $421K (70%)
- **Forgiveness date:** 02/04/2022
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $453K
- **Mortgage interest:** $76K
- **Utilities:** $76K
- **Jobs reported:** 95
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Square Capital, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*