# PPP loan: ESSENCE CORP.
> **$1.10M** approved 04/08/2020 · Paid in Full · Loan `8823877005`
## Borrower
- **Name:** ESSENCE CORP.
- **Address:** 1221 Brickell Avenue, Suite 2100 0.0, Miami, FL, 33131-3281
- **NAICS:** 424210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.12M (101%)
- **Forgiveness date:** 04/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $850K
- **Rent:** $86K
- **Utilities:** $39K
- **Health care:** $129K
- **Jobs reported:** 63
## 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*