# PPP loan: THE INSTITUTE OF CULINARY EDUCATION, INC.
> **$2.36M** approved 05/01/2020 · Paid in Full · Loan `1635017703`
## Borrower
- **Name:** THE INSTITUTE OF CULINARY EDUCATION, INC.
- **Address:** 225 LIBERTY ST FL 3, NEW YORK, NY, 10281
- **NAICS:** 611519
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.36M
- **Initial approval:** $2.36M
- **Forgiven:** $2.40M (102%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.61M
- **Rent:** $471K
- **Utilities:** $120K
- **Health care:** $160K
- **Jobs reported:** 500
## 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*