# PPP loan: GRADUATE MEDICAL EDUCATION DEVELOPMENT, LLC
> **$325K** approved 05/01/2020 · Charged Off · Loan `2752227700`
## Borrower
- **Name:** GRADUATE MEDICAL EDUCATION DEVELOPMENT, LLC
- **Address:** 3311 SACKETT ST, HOUSTON, TX, 77098
- **NAICS:** 621999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $325K
- **Initial approval:** $325K
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $270K
- **Rent:** $2K
- **Utilities:** $10K
- **Debt interest:** $43K
- **Jobs reported:** 21
## 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*