# PPP loan: DRINK RECESS INC.
> **$345K** approved 04/10/2020 · Paid in Full · Loan `1448907105`
## Borrower
- **Name:** DRINK RECESS INC.
- **Address:** 34 Howard St, 4th Floor 0.0, New York, NY, 10013-3150
- **NAICS:** 311930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $350K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $308K
- **Rent:** $38K
- **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*