# PPP loan: E C GROUP INC
> **$1.36M** approved 04/15/2020 · Exemption 4 · Loan `9747097107`
## Borrower
- **Name:** E C GROUP INC
- **Address:** 8720 Melrose Avenue, West Hollywood, CA, 90069
- **NAICS:** 111211
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.36M
- **Initial approval:** $1.36M
- **Forgiven:** $1.34M (98%)
- **Forgiveness date:** 01/24/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $1.36M
- **Jobs reported:** 110
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Customers Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*