# PPP loan: 1266 APARTMENT CORP.
> **$1.21M** approved 02/01/2021 · Paid in Full · Loan `1097068400`
## Borrower
- **Name:** 1266 APARTMENT CORP.
- **Address:** 5 Horizon Rd, Fort Lee, NJ, 07024-6598
- **NAICS:** 813990
- **Business type:** Housing Co-op
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 05/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.21M
- **Utilities:** $1
- **Jobs reported:** 115
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*