# PPP loan: TURBEX INC.
> **$334K** approved 03/12/2021 · Charged Off · Loan `9216048503`
## Borrower
- **Name:** TURBEX INC.
- **Address:** 2324 Augusta Dr, Pearland, TX, 77581-5183
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $334K
- **Initial approval:** $334K
- **Forgiven:** $64K (19%)
- **Forgiveness date:** 09/27/2022
- **Status:** Charged Off
- **Term:** 39 months
## Use of funds
- **Payroll:** $334K
- **Jobs reported:** 27
## 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*