# PPP loan: MEHRA INNOVATIONS, INC.
> **$317K** approved 04/16/2020 · Charged Off · Loan `2767777203`
## Borrower
- **Name:** MEHRA INNOVATIONS, INC.
- **Address:** 190 E. Stacy Road 306-364, ALLEN, TX, 75002
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $199K (63%)
- **Forgiveness date:** 08/23/2021
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $279K
- **Rent:** $3K
- **Mortgage interest:** $9K
- **Utilities:** $4K
- **Health care:** $17K
- **Debt interest:** $4K
- **Jobs reported:** 8
## 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*