# PPP loan: BETTS COMPANY
> **$3.20M** approved 04/08/2020 · Paid in Full · Loan `8306647008`
## Borrower
- **Name:** BETTS COMPANY
- **Address:** 2843 S. Maple Avenue 0.0, Fresno, CA, 93725-2217
- **NAICS:** 332613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.20M
- **Initial approval:** $3.20M
- **Forgiven:** $3.24M (101%)
- **Forgiveness date:** 08/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.46M
- **Rent:** $210K
- **Mortgage interest:** $5K
- **Utilities:** $90K
- **Health care:** $360K
- **Debt interest:** $80K
- **Jobs reported:** 235
## 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*