# PPP loan: SHERMAN EQUITIES INC.
> **$176K** approved 02/19/2021 · Exemption 4 · Loan `1485938501`
## Borrower
- **Name:** SHERMAN EQUITIES INC.
- **Address:** 302W W 47th St, New York, NY, 10036-3101
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $97K (55%)
- **Forgiveness date:** 12/04/2023
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $176K
- **Utilities:** $1
- **Jobs reported:** 258
## 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*