# PPP loan: NEW YORK INSTITUTE OF FINANCE
> **$220K** approved 04/28/2020 · Paid in Full · Loan `1586207301`
## Borrower
- **Name:** NEW YORK INSTITUTE OF FINANCE
- **Address:** 160 Broadway, New York, NY, 10038-4201
- **NAICS:** 611410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 13
## Lender
- **Originating:** New York Business Development Corporation
- **Servicing:** New York Business Development Corporation (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*