# PPP loan: LEGACY RECORDS NYC LLC
> **$1.09M** approved 04/16/2020 · Charged Off · Loan `2677037200`
## Borrower
- **Name:** LEGACY RECORDS NYC LLC
- **Address:** 5 King Street, Apt 2E, NEW YORK, NY, 10012
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Status:** Charged Off
- **Term:** 12 months
## Use of funds
- **Payroll:** $912K
- **Rent:** $90K
- **Utilities:** $26K
- **Health care:** $60K
- **Debt interest:** $6K
- **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*