# PPP loan: SUGAR FACTORY OCEAN DRIVE LLC
> **$777K** approved 05/01/2020 · Charged Off · Loan `1527777700`
## Borrower
- **Name:** SUGAR FACTORY OCEAN DRIVE LLC
- **Address:** 1144 Ocean Dr, Miami Beach, FL, 33139
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $777K
- **Initial approval:** $777K
- **Forgiven:** $142K (18%)
- **Forgiveness date:** 01/13/2022
- **Status:** Charged Off
- **Term:** 1 months
## Use of funds
- **Payroll:** $582K
- **Rent:** $136K
- **Utilities:** $39K
- **Health care:** $19K
- **Jobs reported:** 87
## 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*