# PPP loan: BOOK CULTURE INC.
> **$700K** approved 05/01/2020 · Charged Off · Loan `1528607708`
## Borrower
- **Name:** BOOK CULTURE INC.
- **Address:** 536 W 112TH ST, NEW YORK, NY, 10025
- **NAICS:** 451211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $364K (52%)
- **Forgiveness date:** 12/14/2021
- **Status:** Charged Off
- **Term:** 60 months
## Use of funds
- **Payroll:** $600K
- **Rent:** $60K
- **Utilities:** $8K
- **Health care:** $22K
- **Debt interest:** $10K
- **Jobs reported:** 350
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*