# PPP loan: NEWMARK NJ LLC
> **$542K** approved 04/30/2020 · Charged Off · Loan `5800327302`
## Borrower
- **Name:** NEWMARK NJ LLC
- **Address:** 1200 Morrris Turnpike, SHORT HILLS, NJ, 07078
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $542K
- **Initial approval:** $542K
- **Forgiven:** $369K (68%)
- **Forgiveness date:** 09/23/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $434K
- **Rent:** $105K
- **Utilities:** $3K
- **Jobs reported:** 67
## 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*