# PPP loan: MERCURY BURGER BAR, LLC
> **$240K** approved 05/01/2020 · Charged Off · Loan `3023967704`
## Borrower
- **Name:** MERCURY BURGER BAR, LLC
- **Address:** 2163 Michigan Avenue, DETROIT, MI, 48216
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $40K
- **Utilities:** $20K
- **Jobs reported:** 87
## 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*