# PPP loan: BINDING PRODUCTS, INC.
> **$154K** approved 07/20/2020 · Charged Off · Loan `5930518109`
## Borrower
- **Name:** BINDING PRODUCTS, INC.
- **Address:** 430 COMMUNIPAW AVE Suite 1, JERSEY CITY, NJ, 07304-3622
- **NAICS:** 561110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Status:** Charged Off
- **Term:** 40 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $16K
- **Utilities:** $5K
- **Health care:** $2K
- **Debt interest:** $583
- **Jobs reported:** 17
## 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*