# PPP loan: INFUSION MANAGEMENT GROUP, INC
> **$2.41M** approved 04/15/2020 · Charged Off · Loan `8955227109`
## Borrower
- **Name:** INFUSION MANAGEMENT GROUP, INC
- **Address:** 737 N. Michigan Avenue #1520, CHICAGO, IL, 60611-6653
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.41M
- **Initial approval:** $2.41M
- **Forgiven:** $1.16M (48%)
- **Forgiveness date:** 09/07/2021
- **Status:** Charged Off
- **Term:** 15 months
## Use of funds
- **Payroll:** $1.43M
- **Rent:** $673K
- **Utilities:** $40K
- **Health care:** $250K
- **Debt interest:** $10K
- **Jobs reported:** 199
## 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*