# PPP loan: J Z RUSSELL INDUSTRIES, INC
> **$1.01M** approved 05/01/2020 · Charged Off · Loan `9548597700`
## Borrower
- **Name:** J Z RUSSELL INDUSTRIES, INC
- **Address:** 925 Jade Ave, Port Arthur, TX, 77640-1371
- **NAICS:** 541350
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $986K (97%)
- **Forgiveness date:** 07/18/2022
- **Status:** Charged Off
- **Term:** 7 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 55
## Lender
- **Originating:** Newtek Small Business Finance, Inc.
- **Servicing:** Newtek Small Business Finance, Inc. (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*