# PPP loan: JIMENEZ CARPET & SUPPLIES
> **$197K** approved 05/11/2020 · Charged Off · Loan `4820447404`
## Borrower
- **Name:** JIMENEZ CARPET & SUPPLIES
- **Address:** 706 E 77TH ST, LOS ANGELES, CA, 90001-2815
- **NAICS:** 238330
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $8K (4%)
- **Forgiveness date:** 08/16/2021
- **Status:** Charged Off
- **Term:** 21 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 1
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*