# PPP loan: GYMTIME-RHYTHM & GLUES INC
> **$427K** approved 05/01/2020 · Charged Off · Loan `2948757708`
## Borrower
- **Name:** GYMTIME-RHYTHM & GLUES INC
- **Address:** 1520 YORK AVE, NEW YORK, NY, 10028
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $391K (92%)
- **Forgiveness date:** 10/19/2021
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $313K
- **Rent:** $77K
- **Utilities:** $6K
- **Health care:** $23K
- **Debt interest:** $7K
- **Jobs reported:** 60
## 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*