# PPP loan: CHOPS INC
> **$240K** approved 01/25/2021 · Exemption 4 · Loan `5130928301`
## Borrower
- **Name:** CHOPS INC
- **Address:** 34 S Front St, Philadelphia, PA, 19106-3019
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $174K (73%)
- **Forgiveness date:** 11/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*