# PPP loan: MASTER GROUP INC
> **$175K** approved 06/06/2020 · Paid in Full · Loan `8622927806`
## Borrower
- **Name:** MASTER GROUP INC
- **Address:** 701 Montrose Avenue, South Plainfield, NJ, 07080
- **NAICS:** 541611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $175K
- **Initial approval:** $175K
- **Forgiven:** $177K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $125K
- **Rent:** $50K
- **Jobs reported:** 10
## 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*