# PPP loan: PARACHUT INC
> **$166K** approved 03/03/2021 · Charged Off · Loan `6405688502`
## Borrower
- **Name:** PARACHUT INC
- **Address:** 147 W 600 N, American Fork, UT, 84003
- **NAICS:** 532210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 8
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*