# PPP loan: CHEF SOURCE INC.DBA CHEF SOURCE
> **$260K** approved 05/01/2020 · Paid in Full · Loan `2020247700`
## Borrower
- **Name:** CHEF SOURCE INC.DBA CHEF SOURCE
- **Address:** 5492 Research Drive, Canton, MI, 48188
- **NAICS:** 424490
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Rent:** $45K
- **Utilities:** $20K
- **Jobs reported:** 18
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*