# PPP loan: VERSEAI INC.
> **$177K** approved 05/01/2020 · Charged Off · Loan `2066967710`
## Borrower
- **Name:** VERSEAI INC.
- **Address:** 11 GREENWAY PLZ STE 543, HOUSTON, TX, 77046
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $15K
- **Health care:** $21K
- **Jobs reported:** 8
## 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*