# PPP loan: NEL/SON DISTRIBUTING, INC.
> **$947K** approved 04/08/2020 · Paid in Full · Loan `8393437001`
## Borrower
- **Name:** NEL/SON DISTRIBUTING, INC.
- **Address:** 1125 80th Street SW 0.0, Everett, WA, 98203-6280
- **NAICS:** 424720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $947K
- **Initial approval:** $947K
- **Forgiven:** $953K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $777K
- **Rent:** $91K
- **Utilities:** $23K
- **Health care:** $56K
- **Jobs reported:** 61
## 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*