# PPP loan: WATSON DESIGN, LLC
> **$215K** approved 05/01/2020 · Charged Off · Loan `2767197707`
## Borrower
- **Name:** WATSON DESIGN, LLC
- **Address:** 99 CANAL ST FL 6, New York, NY, 10002
- **NAICS:** 541611
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $215K
- **Initial approval:** $215K
- **Forgiven:** $170K (79%)
- **Forgiveness date:** 08/26/2021
- **Status:** Charged Off
- **Term:** — months
## Use of funds
- **Payroll:** $167K
- **Rent:** $25K
- **Utilities:** $4K
- **Health care:** $13K
- **Debt interest:** $5K
- **Jobs reported:** 17
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*