# PPP loan: ARTA SHIPPING INC.
> **$389K** approved 04/01/2021 · Charged Off · Loan `4250548708`
## Borrower
- **Name:** ARTA SHIPPING INC.
- **Address:** 161 COUNTY ROAD 437, EDDY, TX, 76524-2449
- **NAICS:** 488510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $389K
- **Initial approval:** $389K
- **Forgiven:** $266K (68%)
- **Forgiveness date:** 04/07/2022
- **Status:** Charged Off
- **Term:** 44 months
## Use of funds
- **Payroll:** $389K
- **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*