# PPP loan: APEL STRUCTURES, INC.
> **$160K** approved 05/01/2020 · Charged Off · Loan `3131357706`
## Borrower
- **Name:** APEL STRUCTURES, INC.
- **Address:** 12625 FREDERICK ST STE I5290, MORENO VALLEY, CA, 92553
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $160K
- **Initial approval:** $160K
- **Forgiven:** $68K (42%)
- **Forgiveness date:** 08/23/2021
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $160K
- **Jobs reported:** 16
## 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*