# PPP loan: MONICA PATEL
> **$194K** approved 05/01/2020 · Charged Off · Loan `1460507705`
## Borrower
- **Name:** MONICA PATEL
- **Address:** 43 VALERIE CT, SAYVILLE, NY, 11782
- **NAICS:** 621111
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $194K
- **Initial approval:** $194K
- **Forgiven:** $10K (5%)
- **Forgiveness date:** 04/18/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $109K
- **Rent:** $18K
- **Mortgage interest:** $6K
- **Utilities:** $4K
- **Health care:** $18K
- **Debt interest:** $41K
- **Jobs reported:** 6
## 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*