# PPP loan: ARGO TEA INC.
> **$1.20M** approved 02/11/2021 · Charged Off · Loan `7349428406`
## Borrower
- **Name:** ARGO TEA INC.
- **Address:** 250 E Pearson St Apt 1601, Chicago, IL, 60611-7294
- **NAICS:** 722515
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.20M
- **Initial approval:** $1.20M
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $1.20M
- **Utilities:** $1
- **Jobs reported:** 40
## 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*