# PPP loan: GALEX ENERGY CORP.
> **$266K** approved 05/01/2020 · Charged Off · Loan `2815087704`
## Borrower
- **Name:** GALEX ENERGY CORP.
- **Address:** 116 N WELL ST STE A, ROCKSPRINGS, TX, 78880
- **NAICS:** 213111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $253K
- **Rent:** $7K
- **Utilities:** $6K
- **Jobs reported:** 10
## 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*