# PPP loan: ELI INDUSTRIES INC.
> **$620K** approved 02/19/2021 · Exemption 4 · Loan `1814348503`
## Borrower
- **Name:** ELI INDUSTRIES INC.
- **Address:** 8950 Fullbright Ave, Chatsworth, CA, 91311-6123
- **NAICS:** 331110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $620K
- **Initial approval:** $620K
- **Forgiven:** $469K (76%)
- **Forgiveness date:** 02/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $620K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*