# PPP loan: PEOPLE POWER STAFFING, INC.
> **$171K** approved 04/16/2020 · Charged Off · Loan `2502527203`
## Borrower
- **Name:** PEOPLE POWER STAFFING, INC.
- **Address:** 2174 HEWLETT AVE, MERRICK, NY, 11566
- **NAICS:** 561320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $171K
- **Initial approval:** $171K
- **Forgiven:** $123K (72%)
- **Forgiveness date:** 08/04/2021
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $170K
- **Rent:** $913
- **Jobs reported:** 37
## 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*