# PPP loan: FUTURE MEDIA GROUP INC.
> **$1.71M** approved 04/10/2020 · Charged Off · Loan `2228387107`
## Borrower
- **Name:** FUTURE MEDIA GROUP INC.
- **Address:** 1 World Trade Center Fl 32 0.0, New York, NY, 10007-0090
- **NAICS:** 511120
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.71M
- **Initial approval:** $1.71M
- **Forgiven:** $1.37M (80%)
- **Forgiveness date:** 08/30/2021
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $1.36M
- **Rent:** $113K
- **Utilities:** $56K
- **Debt interest:** $172K
- **Jobs reported:** 84
## 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*