# PPP loan: CVAC, INC. DBA CARMEL VALLEY ATHLETIC CLUB OR CVAC
> **$472K** approved 04/30/2020 · Paid in Full · Loan `5685787304`
## Borrower
- **Name:** CVAC, INC. DBA CARMEL VALLEY ATHLETIC CLUB OR CVAC
- **Address:** 27300 Rancho San Carlos Rd, CARMEL, CA, 93923-7900
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $477K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $354K
- **Rent:** $100K
- **Utilities:** $8K
- **Health care:** $10K
- **Jobs reported:** 144
## 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*