# PPP loan: SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION
> **$1.75M** approved 05/01/2020 · Paid in Full · Loan `2246037710`
## Borrower
- **Name:** SOUTH BRONX OVERALL ECONOMIC DEVELOPMENT CORPORATION
- **Address:** 555 BERGEN AVE 3RD FL, BRONX, NY, 10455
- **NAICS:** 813319
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.75M
- **Initial approval:** $1.75M
- **Forgiven:** $1.77M (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Rent:** $78K
- **Mortgage interest:** $58K
- **Utilities:** $100K
- **Health care:** $500K
- **Jobs reported:** 248
## 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*