# PPP loan: JPF ULTRASONIC TECHNOLOGIES INC.
> **$275K** approved 05/01/2020 · Charged Off · Loan `2794737709`
## Borrower
- **Name:** JPF ULTRASONIC TECHNOLOGIES INC.
- **Address:** 9125 PINELAND RD, HOUSTON, TX, 77044
- **NAICS:** 443142
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $165K (60%)
- **Forgiveness date:** 01/11/2022
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $206K
- **Utilities:** $69K
- **Jobs reported:** 35
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*