# PPP loan: CHOON, INC.
> **$408K** approved 05/01/2020 · Charged Off · Loan `2011747706`
## Borrower
- **Name:** CHOON, INC.
- **Address:** 1443 E 4TH ST, LOS ANGELES, CA, 90033
- **NAICS:** 315240
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $45K
- **Utilities:** $5K
- **Health care:** $50K
- **Jobs reported:** 23
## 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*