# PPP loan: RYAN'S WAY
> **$234K** approved 05/01/2020 · Charged Off · Loan `1267007706`
## Borrower
- **Name:** RYAN'S WAY
- **Address:** 320 CALLE LA QUINTA, CHULA VISTA, CA, 91914
- **NAICS:** 623990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $187K
- **Rent:** $32K
- **Utilities:** $5K
- **Health care:** $4K
- **Debt interest:** $7K
- **Jobs reported:** 48
## 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*