# PPP loan: SOMOS, INC.
> **$1.97M** approved 04/10/2020 · Paid in Full · Loan `1714337104`
## Borrower
- **Name:** SOMOS, INC.
- **Address:** 2 Tower Center Blvd, 20th Fl. 0.0, East Brunswick, NJ, 08816-1100
- **NAICS:** 517919
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.97M
- **Initial approval:** $2.27M
- **Forgiven:** $2.00M (101%)
- **Forgiveness date:** 10/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.71M
- **Rent:** $187K
- **Health care:** $75K
- **Jobs reported:** 113
## 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*