# PPP loan: JAI INC
> **$340K** approved 05/01/2020 · Paid in Full · Loan `1610387702`
## Borrower
- **Name:** JAI INC
- **Address:** 6800 SANTA TERESA BLVD STE 175, SAN JOSE, CA, 95119
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $254K
- **Rent:** $34K
- **Health care:** $52K
- **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*