# PPP loan: EXPERIENCE THE RIDE NY LLC
> **$558K** approved 05/01/2020 · Charged Off · Loan `1262627705`
## Borrower
- **Name:** EXPERIENCE THE RIDE NY LLC
- **Address:** 545 8th Ave Rm 14s, New York, NY, 10018
- **NAICS:** —
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $558K
- **Initial approval:** $558K
- **Forgiven:** $197K (35%)
- **Forgiveness date:** 08/19/2021
- **Status:** Charged Off
- **Term:** 22 months
## Use of funds
- **Payroll:** $419K
- **Rent:** $84K
- **Utilities:** $56K
- **Jobs reported:** 200
## 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*