# PPP loan: FACTORY 77 INC
> **$467K** approved 04/09/2020 · Exemption 4 · Loan `1006987110`
## Borrower
- **Name:** FACTORY 77 INC
- **Address:** 54 DREXEL DR, BAY SHORE, NY, 11706-2202
- **NAICS:** 541430
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $467K
- **Initial approval:** $467K
- **Forgiven:** $457K (98%)
- **Forgiveness date:** 07/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $467K
- **Jobs reported:** 54
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*