# PPP loan: 2014 MI SOOK CHAI IRREVOCABLE TRUST
> **$500K** approved 04/30/2020 · Paid in Full · Loan `7747107305`
## Borrower
- **Name:** 2014 MI SOOK CHAI IRREVOCABLE TRUST
- **Address:** 305 N State College Blvd, FULLERTON, CA, 92831
- **NAICS:** 722513
- **Business type:** Trust
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $507K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $350K
- **Rent:** $60K
- **Mortgage interest:** $22K
- **Utilities:** $50K
- **Health care:** $18K
- **Jobs reported:** 80
## 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*