# PPP loan: 1220 MANAGEMENT GROUP, LLC
> **$697K** approved 05/01/2020 · Paid in Full · Loan `3080887700`
## Borrower
- **Name:** 1220 MANAGEMENT GROUP, LLC
- **Address:** 1220 16TH ST, MIAMI BEACH, FL, 33139
- **NAICS:** 561110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $705K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $550K
- **Rent:** $90K
- **Utilities:** $14K
- **Health care:** $43K
- **Jobs reported:** 58
## 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*