# PPP loan: THE SOURCE MPC INC.
> **$181K** approved 05/01/2020 · Charged Off · Loan `1129337702`
## Borrower
- **Name:** THE SOURCE MPC INC.
- **Address:** 4021 E GRANT RD STE 201, TUCSON, AZ, 85712
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $172K
- **Rent:** $7K
- **Utilities:** $2K
- **Jobs reported:** 360
## 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*