# PPP loan: ARES DISTRIBUTORS INC
> **$231K** approved 05/01/2020 · Paid in Full · Loan `2159667702`
## Borrower
- **Name:** ARES DISTRIBUTORS INC
- **Address:** 2601 S Bayshore Dr Ste 1150, Coconut Grove, FL, 33133
- **NAICS:** 324110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $231K
- **Initial approval:** $231K
- **Forgiven:** $211K (91%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $179K
- **Rent:** $17K
- **Utilities:** $12K
- **Health care:** $24K
- **Jobs reported:** 14
## 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*