# PPP loan: GLOBAL ASSOCIATES INC
> **$618K** approved 05/01/2020 · Charged Off · Loan `1078427704`
## Borrower
- **Name:** GLOBAL ASSOCIATES INC
- **Address:** 7106 CORPORATE WAY, DAYTON, OH, 45459
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $618K
- **Initial approval:** $618K
- **Forgiven:** $594K (96%)
- **Forgiveness date:** 10/15/2021
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $6K
- **Health care:** $36K
- **Jobs reported:** 400
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*