# PPP loan: THE MEDICAL LETTER, INC.
> **$505K** approved 05/01/2020 · Paid in Full · Loan `1983027702`
## Borrower
- **Name:** THE MEDICAL LETTER, INC.
- **Address:** 145 HUGUENOT ST STE 312, NEW ROCHELLE, NY, 10801
- **NAICS:** 511120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $505K
- **Initial approval:** $505K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $437K
- **Rent:** $28K
- **Health care:** $40K
- **Jobs reported:** 41
## 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*