# PPP loan: KIDS ORBIT INC
> **$642K** approved 02/01/2021 · Charged Off · Loan `1142078403`
## Borrower
- **Name:** KIDS ORBIT INC
- **Address:** 694 5th Ave, Brooklyn, NY, 11215-6660
- **NAICS:** 721214
- **Business type:** Non-Profit Childcare Center
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $642K
- **Initial approval:** $642K
- **Forgiven:** $539K (84%)
- **Forgiveness date:** 03/27/2023
- **Status:** Charged Off
- **Term:** 29 months
## Use of funds
- **Payroll:** $642K
- **Utilities:** $1
- **Jobs reported:** 158
## 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*