# PPP loan: MORGANS HOTEL GROUP MANAGEMENT LLC
> **$2.80M** approved 04/10/2020 · Charged Off · Loan `1418747104`
## Borrower
- **Name:** MORGANS HOTEL GROUP MANAGEMENT LLC
- **Address:** 1685 Collins Ave 0.0, Miami Beach, FL, 33139-3136
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.80M
- **Initial approval:** $2.80M
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $2.10M
- **Rent:** $6K
- **Mortgage interest:** $387K
- **Utilities:** $91K
- **Health care:** $214K
- **Jobs reported:** 305
## 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*