# PPP loan: KING COFFEE & TEA SERVICES CORP.
> **$174K** approved 01/27/2021 · Paid in Full · Loan `6548288301`
## Borrower
- **Name:** KING COFFEE & TEA SERVICES CORP.
- **Address:** 4220 Edgeland Ave, Royal Oak, MI, 48073-2215
- **NAICS:** 423990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $174K
- **Initial approval:** $174K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $174K
- **Utilities:** $1
- **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*