# PPP loan: ENCEPHALOGIC MEDICAL GROUP
> **$240K** approved 04/30/2020 · Charged Off · Loan `7708097301`
## Borrower
- **Name:** ENCEPHALOGIC MEDICAL GROUP
- **Address:** 1701 SOLAR DRIVE SUITE 140, OXNARD, CA, 93030
- **NAICS:** 621111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $199K (83%)
- **Forgiveness date:** 07/03/2023
- **Status:** Charged Off
- **Term:** 16 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 10
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*