# PPP loan: M2 INGREDIENTS, INC.
> **$925K** approved 05/02/2020 · Paid in Full · Loan `9499847303`
## Borrower
- **Name:** M2 INGREDIENTS, INC.
- **Address:** 5931 PRIESTLY DR STE 101, CARLSBAD, CA, 92008
- **NAICS:** 111411
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $925K
- **Initial approval:** $925K
- **Forgiven:** $932K (101%)
- **Forgiveness date:** 02/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $740K
- **Rent:** $125K
- **Utilities:** $30K
- **Health care:** $30K
- **Jobs reported:** 61
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*