# PPP loan: J.C. PRODUCE INC.
> **$175K** approved 05/01/2020 · Paid in Full · Loan `3170347706`
## Borrower
- **Name:** J.C. PRODUCE INC.
- **Address:** 2838 S ALAMEDA ST, VERNON, CA, 90058
- **NAICS:** 424480
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $33K
- **Utilities:** $2K
- **Jobs reported:** 20
## 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*