# PPP loan: LOS ALTOS CARPET 1, INC
> **$150K** approved 05/01/2020 · Charged Off · Loan `1270417701`
## Borrower
- **Name:** LOS ALTOS CARPET 1, INC
- **Address:** 5084 EL CAMINO REAL, LOS ALTOS, CA, 94022
- **NAICS:** 238330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $80K
- **Rent:** $30K
- **Mortgage interest:** $7K
- **Utilities:** $4K
- **Health care:** $16K
- **Debt interest:** $7K
- **Jobs reported:** 50
## 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*