# PPP loan: MEDCO LLC
> **$503K** approved 05/01/2020 · Charged Off · Loan `1140887704`
## Borrower
- **Name:** MEDCO LLC
- **Address:** 157 TIBBETTS RD, YONKERS, NY, 10705
- **NAICS:** 236220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $490K
- **Rent:** $10K
- **Utilities:** $3K
- **Jobs reported:** 120
## 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*