# PPP loan: 649 SOUTH OLIVE TENANT LLC
> **$2.79M** approved 04/16/2020 · Exemption 4 · Loan `2309947209`
## Borrower
- **Name:** 649 SOUTH OLIVE TENANT LLC
- **Address:** 30 W 26st, 12th Floor, New York, NY, 10010
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.79M
- **Initial approval:** $2.79M
- **Forgiven:** $825K (30%)
- **Forgiveness date:** 11/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.79M
- **Jobs reported:** 417
## Lender
- **Originating:** Modern Bank, National Association
- **Servicing:** Modern Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*