# PPP loan: VOLUMECOCOMO APPAREL INC OF NEWYORK
> **$259K** approved 06/22/2020 · Exemption 4 · Loan `1618168010`
## Borrower
- **Name:** VOLUMECOCOMO APPAREL INC OF NEWYORK
- **Address:** 525 SEVENTH AVE, NEW YORK, NY, 10018
- **NAICS:** 424330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $259K
- **Forgiven:** $160K (62%)
- **Forgiveness date:** 10/27/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $41K
- **Utilities:** $10K
- **Jobs reported:** 18
## Lender
- **Originating:** PCB Bank
- **Servicing:** PCB Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*