# PPP loan: COVE ADC, INC.
> **$179K** approved 05/12/2020 · Paid in Full · Loan `5695237405`
## Borrower
- **Name:** COVE ADC, INC.
- **Address:** 2041 CABOT PL UNIT 100, OXNARD, CA, 93030
- **NAICS:** 624120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $94K (53%)
- **Forgiveness date:** 01/21/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Rent:** $15K
- **Utilities:** $6K
- **Health care:** $19K
- **Jobs reported:** 30
## 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*