# PPP loan: ECONOCHANNEL, INC.
> **$365K** approved 04/07/2020 · Paid in Full · Loan `7415417003`
## Borrower
- **Name:** ECONOCHANNEL, INC.
- **Address:** 10631 NW 123RD STREET RD, MEDLEY, FL, 33178-3166
- **NAICS:** 339950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $365K
- **Initial approval:** $365K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 09/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Utilities:** $91K
- **Jobs reported:** 33
## Lender
- **Originating:** City National Bank of Florida
- **Servicing:** City National Bank of Florida (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*