# PPP loan: MALINCHO INC
> **$216K** approved 05/03/2020 · Paid in Full · Loan `9969207305`
## Borrower
- **Name:** MALINCHO INC
- **Address:** 2545 Fire Rd Unit #3, EGG HARBOR TOWNSHIP, NJ, 08234
- **NAICS:** 445110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $216K
- **Initial approval:** $216K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 06/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $173K
- **Mortgage interest:** $35K
- **Utilities:** $8K
- **Jobs reported:** 35
## 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*