# PPP loan: NEW LONDON PHARMACY INC
> **$292K** approved 05/01/2020 · Paid in Full · Loan `1571737707`
## Borrower
- **Name:** NEW LONDON PHARMACY INC
- **Address:** 246 8TH AVE, NEW YORK, NY, 10011
- **NAICS:** 446110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $292K
- **Initial approval:** $292K
- **Forgiven:** $295K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $234K
- **Rent:** $46K
- **Utilities:** $2K
- **Health care:** $5K
- **Debt interest:** $6K
- **Jobs reported:** 35
## 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*