# PPP loan: STUDIO RAY LLC
> **$1.83M** approved 04/10/2020 · Paid in Full · Loan `1564787103`
## Borrower
- **Name:** STUDIO RAY LLC
- **Address:** 18 Engelhard Avenue 0.0, Avenel, NJ, 07001-2217
- **NAICS:** 315280
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.83M
- **Initial approval:** $1.83M
- **Forgiven:** $1.84M (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.44M
- **Rent:** $360K
- **Health care:** $29K
- **Jobs reported:** 108
## 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*