# PPP loan: JARVIK HEART INC
> **$695K** approved 05/01/2020 · Charged Off · Loan `1797077702`
## Borrower
- **Name:** JARVIK HEART INC
- **Address:** 333 West 52nd Street, New York, NY, 10019
- **NAICS:** 334510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $695K
- **Initial approval:** $695K
- **Forgiven:** $99K (14%)
- **Forgiveness date:** 08/25/2021
- **Status:** Charged Off
- **Term:** 14 months
## Use of funds
- **Payroll:** $588K
- **Rent:** $87K
- **Health care:** $20K
- **Jobs reported:** 39
## 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*