# PPP loan: SHAH & ASSOCIATES INC
> **$941K** approved 04/12/2020 · Charged Off · Loan `4017607100`
## Borrower
- **Name:** SHAH & ASSOCIATES INC
- **Address:** 7875 HIGHLAND VILLAGE PL Suite B102-310, SAN DIEGO, CA, 92129-5120
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $941K
- **Initial approval:** $941K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $800K
- **Rent:** $26K
- **Utilities:** $3K
- **Health care:** $46K
- **Debt interest:** $67K
- **Jobs reported:** 58
## Lender
- **Originating:** Banc of California
- **Servicing:** Banc of California (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*