# PPP loan: PARACHUT INC
> **$154K** approved 04/15/2020 · Charged Off · Loan `8279037104`
## Borrower
- **Name:** PARACHUT INC
- **Address:** STE 100 2701 N THANKSGIVING WAY, LEHI, UT, 84043-6331
- **NAICS:** 532289
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $154K
- **Jobs reported:** 8
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*