# PPP loan: THE INDEPENDENT INC.
> **$180K** approved 04/15/2020 · Paid in Full · Loan `1096557200`
## Borrower
- **Name:** THE INDEPENDENT INC.
- **Address:** 147 West 40th Street, New York, NY, 10018
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $180K
- **Initial approval:** $180K
- **Forgiven:** $144K (80%)
- **Forgiveness date:** 11/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $95K
- **Rent:** $78K
- **Health care:** $2K
- **Debt interest:** $5K
- **Jobs reported:** 21
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*