# PPP loan: BOWE INDUSTRIES INC.
> **$490K** approved 04/10/2020 · Exemption 4 · Loan `2112517107`
## Borrower
- **Name:** BOWE INDUSTRIES INC.
- **Address:** 88-36 77th Ave. 0.0, Glendale, NY, 11385-7826
- **NAICS:** 424990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $490K
- **Initial approval:** $490K
- **Forgiven:** $380K (78%)
- **Forgiveness date:** 08/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $395K
- **Rent:** $88K
- **Utilities:** $7K
- **Jobs reported:** 39
## 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*