# PPP loan: MADISON ASBURY RETAIL LLC
> **$1.25M** approved 04/28/2020 · Paid in Full · Loan `8485497201`
## Borrower
- **Name:** MADISON ASBURY RETAIL LLC
- **Address:** 1300 Ocean Ave, Suite M, ASBURY PARK, NJ, 07712
- **NAICS:** 531120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Jobs reported:** 300
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*