# PPP loan: RCG TECHNOLOGY LLC
> **$325K** approved 05/01/2020 · Charged Off · Loan `1472487709`
## Borrower
- **Name:** RCG TECHNOLOGY LLC
- **Address:** 46 Rockaway Pl, PARSIPPANY, NJ, 07054
- **NAICS:** 561499
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Forgiven:** $245K (75%)
- **Forgiveness date:** 07/13/2021
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $275K
- **Rent:** $13K
- **Utilities:** $18K
- **Health care:** $15K
- **Debt interest:** $5K
- **Jobs reported:** 90
## 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*