# PPP loan: ASCOT LIMOUSINE SERVICE, INC.
> **$248K** approved 05/01/2020 · Paid in Full · Loan `1609887702`
## Borrower
- **Name:** ASCOT LIMOUSINE SERVICE, INC.
- **Address:** 375 E BEACH AVE, INGLEWOOD, CA, 90302
- **NAICS:** 485320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $217K (88%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $9K
- **Utilities:** $2K
- **Health care:** $13K
- **Jobs reported:** 18
## 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*