# PPP loan: LYNCH DEVELOPMENT ASSOCIATES INC DBA DBA TRUE STEWARD
> **$150K** approved 05/01/2020 · Paid in Full · Loan `2237837701`
## Borrower
- **Name:** LYNCH DEVELOPMENT ASSOCIATES INC DBA DBA TRUE STEWARD
- **Address:** 410 E MAIN ST, CENTERPORT, NY, 11721
- **NAICS:** —
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $16K
- **Utilities:** $3K
- **Health care:** $10K
- **Debt interest:** $1K
- **Jobs reported:** 12
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*