# PPP loan: SOMOROFF LLC
> **$414K** approved 04/10/2020 · Charged Off · Loan `2254187110`
## Borrower
- **Name:** SOMOROFF LLC
- **Address:** 888 NEWARK AVE SUITE T200, JERSEY CITY, NJ, 07306-6301
- **NAICS:** 512110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $414K
- **Initial approval:** $414K
- **Status:** Charged Off
- **Term:** 4 months
## Use of funds
- **Payroll:** $311K
- **Rent:** $90K
- **Utilities:** $14K
- **Jobs reported:** 13
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*