# PPP loan: RACHEL PALLY INC
> **$193K** approved 05/01/2020 · Paid in Full · Loan `1634637710`
## Borrower
- **Name:** RACHEL PALLY INC
- **Address:** 201 S ANDERSON ST, LOS ANGELES, CA, 90033
- **NAICS:** 448120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $193K
- **Initial approval:** $193K
- **Forgiven:** $196K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $146K
- **Rent:** $32K
- **Utilities:** $4K
- **Health care:** $11K
- **Jobs reported:** 140
## 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*