# PPP loan: SOCAL CABLE COMMUNICATION INC
> **$340K** approved 05/01/2020 · Charged Off · Loan `2234597706`
## Borrower
- **Name:** SOCAL CABLE COMMUNICATION INC
- **Address:** 3941 Gibson Rd, EL MONTE, CA, 91731
- **NAICS:** 517919
- **Business type:** Partnership
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $18K (5%)
- **Forgiveness date:** 06/27/2022
- **Status:** Charged Off
- **Term:** 95 months
## Use of funds
- **Payroll:** $85K
- **Rent:** $18K
- **Utilities:** $7K
- **Jobs reported:** 10
## 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*