# PPP loan: PEARACHUTE INC.
> **$186K** approved 04/13/2020 · Charged Off · Loan `4233167104`
## Borrower
- **Name:** PEARACHUTE INC.
- **Address:** 3654 N. Damen Ave, #2, CHICAGO, IL, 60618-4904
- **NAICS:** 624110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $186K
- **Initial approval:** $186K
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $170K
- **Utilities:** $2K
- **Health care:** $10K
- **Debt interest:** $4K
- **Jobs reported:** 7
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*