# PPP loan: STERLING SAFETY SOLUTIONS INC.
> **$277K** approved 05/01/2020 · Charged Off · Loan `1189567703`
## Borrower
- **Name:** STERLING SAFETY SOLUTIONS INC.
- **Address:** 4532 FOUNTAIN CT, ODESSA, TX, 79761
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $218K (79%)
- **Forgiveness date:** 11/17/2021
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $247K
- **Rent:** $14K
- **Utilities:** $5K
- **Debt interest:** $11K
- **Jobs reported:** 16
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*