# PPP loan: MEDISTICS LLC
> **$563K** approved 05/01/2020 · Charged Off · Loan `1006257702`
## Borrower
- **Name:** MEDISTICS LLC
- **Address:** 24 GAUGUIN WAY, SOMERSET, NJ, 08873
- **NAICS:** 999990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $563K
- **Initial approval:** $563K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $448K
- **Rent:** $30K
- **Utilities:** $20K
- **Health care:** $65K
- **Jobs reported:** 500
## 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*