# PPP loan: LETR CORPORATION
> **$242K** approved 05/01/2020 · Charged Off · Loan `2475037703`
## Borrower
- **Name:** LETR CORPORATION
- **Address:** 638 Camino de los Mares H130-421, SAN CLEMENTE, CA, 92673
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $52K
- **Utilities:** $4K
- **Health care:** $6K
- **Debt interest:** $5K
- **Jobs reported:** 28
## 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*