# PPP loan: EDETEK INC
> **$2.19M** approved 05/01/2020 · Charged Off · Loan `3144267702`
## Borrower
- **Name:** EDETEK INC
- **Address:** 101 COLLEGE ROAD EAST 2ND FLOOR, PRINCETON, NJ, 08540
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.19M
- **Initial approval:** $2.19M
- **Forgiven:** $671K (31%)
- **Forgiveness date:** 01/31/2022
- **Status:** Charged Off
- **Term:** 180 months
## Use of funds
- **Payroll:** $1.93M
- **Rent:** $129K
- **Health care:** $127K
- **Jobs reported:** 31
## 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*