# PPP loan: SHAH, SMITH & ASSOCIATES, INC.
> **$1.65M** approved 05/01/2020 · Paid in Full · Loan `1573687709`
## Borrower
- **Name:** SHAH, SMITH & ASSOCIATES, INC.
- **Address:** 2825 WILCREST SUITE 350, HOUSTON, TX, 77042
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.65M
- **Initial approval:** $1.65M
- **Forgiven:** $1.67M (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Rent:** $77K
- **Utilities:** $19K
- **Health care:** $117K
- **Debt interest:** $2K
- **Jobs reported:** 500
## 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*