# PPP loan: THE TACT CORPORATION OF NYC
> **$1.52M** approved 05/01/2020 · Paid in Full · Loan `1968897707`
## Borrower
- **Name:** THE TACT CORPORATION OF NYC
- **Address:** 50 BROAD ST STE 1137, NEW YORK, NY, 10004
- **NAICS:** 561320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.52M
- **Initial approval:** $1.52M
- **Forgiven:** $1.54M (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Rent:** $23K
- **Utilities:** $2K
- **Health care:** $30K
- **Debt interest:** $20K
- **Jobs reported:** 120
## 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*