# PPP loan: CHINA CHAO INC.
> **$645K** approved 01/23/2021 · Paid in Full · Loan `4407018309`
## Borrower
- **Name:** CHINA CHAO INC.
- **Address:** 750 Florida Central Pkwy, Longwood, FL, 32750-7590
- **NAICS:** 722513
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $645K
- **Initial approval:** $645K
- **Forgiven:** $654K (101%)
- **Forgiveness date:** 06/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $645K
- **Utilities:** $1
- **Jobs reported:** 60
## Lender
- **Originating:** The Bancorp Bank National Association
- **Servicing:** The Bancorp Bank National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*