# PPP loan: NOR CAL TACO, INC.
> **$300K** approved 05/01/2020 · Charged Off · Loan `2974297705`
## Borrower
- **Name:** NOR CAL TACO, INC.
- **Address:** 8820 BADER RD, ELK GROVE, CA, 95624
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $217K (72%)
- **Forgiveness date:** 07/14/2023
- **Status:** Charged Off
- **Term:** 20 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $10K
- **Utilities:** $38K
- **Health care:** $14K
- **Debt interest:** $23K
- **Jobs reported:** 500
## 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*