# PPP loan: DESERT SEALANTS CORPORATION
> **$230K** approved 05/01/2020 · Paid in Full · Loan `1740127703`
## Borrower
- **Name:** DESERT SEALANTS CORPORATION
- **Address:** 3634 E.Southern Ave #6, PHOENIX, AZ, 85040
- **NAICS:** 325520
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $230K
- **Initial approval:** $230K
- **Forgiven:** $233K (101%)
- **Forgiveness date:** 10/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $15K
- **Utilities:** $15K
- **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*