# PPP loan: CHONG & SUNG INC.
> **$169K** approved 03/08/2021 · Paid in Full · Loan `7933458501`
## Borrower
- **Name:** CHONG & SUNG INC.
- **Address:** 5621 Brainerd Rd, Chattanooga, TN, 37411-5341
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $169K
- **Initial approval:** $169K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 02/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $169K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Regions Bank
- **Servicing:** Regions Bank (AL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*