# PPP loan: MORAVEK BIOCHEMICALS, INC
> **$693K** approved 05/01/2020 · Exemption 4 · Loan `1521157701`
## Borrower
- **Name:** MORAVEK BIOCHEMICALS, INC
- **Address:** 577 MERCURY LN, BREA, CA, 92821
- **NAICS:** 325180
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $693K
- **Initial approval:** $693K
- **Forgiven:** $630K (91%)
- **Forgiveness date:** 12/08/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $573K
- **Utilities:** $20K
- **Health care:** $100K
- **Jobs reported:** 440
## 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*