# PPP loan: COCONUTS CARIBBEAN RESTAURANT, INC
> **$177K** approved 05/02/2020 · Charged Off · Loan `9474807306`
## Borrower
- **Name:** COCONUTS CARIBBEAN RESTAURANT, INC
- **Address:** 642 Romona St, PALO ALTO, CA, 94301
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $132K
- **Mortgage interest:** $29K
- **Utilities:** $10K
- **Health care:** $5K
- **Jobs reported:** 24
## 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*