# PPP loan: GROUP EIGHTY EIGHT ADVISORS, LTD
> **$199K** approved 06/24/2020 · Exemption 4 · Loan `3179468002`
## Borrower
- **Name:** GROUP EIGHTY EIGHT ADVISORS, LTD
- **Address:** 31 Central Drive, FARMINGDALE, NY, 11735-1201
- **NAICS:** 485320
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $195K (98%)
- **Forgiveness date:** 12/22/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $30K
- **Utilities:** $5K
- **Health care:** $5K
- **Jobs reported:** 42
## 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*