# PPP loan: NAVY BEACH GROUP LLC
> **$306K** approved 04/28/2020 · Paid in Full · Loan `1516577301`
## Borrower
- **Name:** NAVY BEACH GROUP LLC
- **Address:** 16 Navy Road, MONTAUK, NY, 11954
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $306K
- **Initial approval:** $306K
- **Forgiven:** $310K (101%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $245K
- **Rent:** $39K
- **Utilities:** $15K
- **Health care:** $7K
- **Jobs reported:** 40
## 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*