# PPP loan: PRABAL GURUNG, LLC
> **$159K** approved 05/01/2020 · Charged Off · Loan `2998957707`
## Borrower
- **Name:** PRABAL GURUNG, LLC
- **Address:** 247 W 37TH ST RM 1501, NEW YORK, NY, 10018
- **NAICS:** 541490
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $42K (27%)
- **Forgiveness date:** 08/26/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $119K
- **Rent:** $24K
- **Utilities:** $16K
- **Jobs reported:** 8
## 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*