# PPP loan: JIPC VENTURES, INC
> **$755K** approved 04/15/2020 · Exemption 4 · Loan `8017107101`
## Borrower
- **Name:** JIPC VENTURES, INC
- **Address:** 22342 Avenida Empresa 220, Rancho Santa Margarita, CA, 92688
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $755K
- **Initial approval:** $962K
- **Forgiven:** $323K (43%)
- **Forgiveness date:** 07/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $755K
- **Jobs reported:** 274
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*