# PPP loan: 501 JERSEY AVE PROPERTY LLC
> **$810K** approved 05/06/2020 · Charged Off · Loan `3133057409`
## Borrower
- **Name:** 501 JERSEY AVE PROPERTY LLC
- **Address:** 501 Jersey Avenue, New Brunswick, NJ, 08901
- **NAICS:** 531210
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $810K
- **Initial approval:** $810K
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $608K
- **Rent:** $101K
- **Utilities:** $101K
- **Jobs reported:** 55
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*