# PPP loan: EQUITY WAVE LENDING INC.
> **$254K** approved 03/23/2021 · Exemption 4 · Loan `7344498602`
## Borrower
- **Name:** EQUITY WAVE LENDING INC.
- **Address:** 2355 Main St Ste 230, Irvine, CA, 92614-4211
- **NAICS:** 531390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $254K
- **Initial approval:** $254K
- **Forgiven:** $206K (81%)
- **Forgiveness date:** 01/23/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $254K
- **Jobs reported:** 13
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*