# PPP loan: CAPITAL RECOVERY GROUP
> **$495K** approved 08/07/2020 · Charged Off · Loan `5426698205`
## Borrower
- **Name:** CAPITAL RECOVERY GROUP
- **Address:** 729 S MAIN ST #409, LOS ANGELES, CA, 90014
- **NAICS:** 561330
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $495K
- **Initial approval:** $495K
- **Status:** Charged Off
- **Term:** 11 months
## Use of funds
- **Payroll:** $495K
- **Jobs reported:** 61
## Lender
- **Originating:** MBE Capital Partners
- **Servicing:** Lendistry-Federal Reserve (MBE) Contract (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*