# PPP loan: CARMATIC INC
> **$321K** approved 04/09/2020 · Exemption 4 · Loan `1016227109`
## Borrower
- **Name:** CARMATIC INC
- **Address:** 307 Glen Cove Rd 0.0, Greenvale, NY, 11548-1020
- **NAICS:** 518210
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $246K
- **Rent:** $60K
- **Utilities:** $2K
- **Health care:** $13K
- **Jobs reported:** 17
## 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*