# PPP loan: ULTRACOR, INC.
> **$251K** approved 05/01/2020 · Charged Off · Loan `2219377701`
## Borrower
- **Name:** ULTRACOR, INC.
- **Address:** 3355 W EL SEGUNDO BLVD STE A, HAWTHORNE, CA, 90250
- **NAICS:** 332119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $80K
- **Utilities:** $6K
- **Health care:** $5K
- **Jobs reported:** 12
## 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*