# PPP loan: FADI 1951 INC
> **$261K** approved 05/01/2020 · Paid in Full · Loan `2394037701`
## Borrower
- **Name:** FADI 1951 INC
- **Address:** 5911 HWY 6 N, HOUSTON, TX, 77084
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $45K
- **Utilities:** $11K
- **Jobs reported:** 53
## 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*