# PPP loan: DESERT STATE SHOTCRETE INC
> **$316K** approved 04/15/2020 · Charged Off · Loan `2275817206`
## Borrower
- **Name:** DESERT STATE SHOTCRETE INC
- **Address:** 2473 S. Higley Rd Suite 104 #325, GILBERT, AZ, 85295
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $316K
- **Initial approval:** $316K
- **Forgiven:** $307K (97%)
- **Forgiveness date:** 02/10/2021
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $290K
- **Rent:** $6K
- **Utilities:** $2K
- **Health care:** $18K
- **Jobs reported:** 25
## 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*