# PPP loan: TURBO POWER INC
> **$220K** approved 04/14/2020 · Paid in Full · Loan `6020027103`
## Borrower
- **Name:** TURBO POWER INC
- **Address:** 31-40 DOWNING STREET 0.0, FLUSHING, NY, 11354-1909
- **NAICS:** 423990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $40K
- **Health care:** $4K
- **Jobs reported:** 12
## 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*