# PPP loan: ADC ENTERPRISES INC.
> **$250K** approved 02/13/2021 · Exemption 4 · Loan `8472118407`
## Borrower
- **Name:** ADC ENTERPRISES INC.
- **Address:** 625 W Katella Ave Ste 11, Orange, CA, 92867-4626
- **NAICS:** 332722
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $191K (76%)
- **Forgiveness date:** 09/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*