# PPP loan: KAEL FOODS INCORPORATED
> **$241K** approved 05/01/2020 · Paid in Full · Loan `8523327307`
## Borrower
- **Name:** KAEL FOODS INCORPORATED
- **Address:** 1636 Gilbreth Rd, BURLINGAME, CA, 94010
- **NAICS:** 424430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Rent:** $41K
- **Mortgage interest:** $8K
- **Utilities:** $3K
- **Health care:** $8K
- **Jobs reported:** 31
## 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*