# PPP loan: SONAVATION,INC.
> **$675K** approved 04/30/2020 · Charged Off · Loan `6200057305`
## Borrower
- **Name:** SONAVATION,INC.
- **Address:** 801 U.s. Highway One, NORTH PALM BEACH, FL, 33408
- **NAICS:** 334118
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $675K
- **Initial approval:** $675K
- **Forgiven:** $66K (10%)
- **Forgiveness date:** 06/01/2022
- **Status:** Charged Off
- **Term:** 6 months
## Use of funds
- **Payroll:** $589K
- **Rent:** $3K
- **Utilities:** $7K
- **Debt interest:** $75K
- **Jobs reported:** 31
## 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*