# PPP loan: DOWNTOWN VENTURE CORP.
> **$242K** approved 02/20/2021 · Paid in Full · Loan `2434488502`
## Borrower
- **Name:** DOWNTOWN VENTURE CORP.
- **Address:** 3751 Mesa Vlg, Alamogordo, NM, 88310-8624
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $224K (93%)
- **Forgiveness date:** 05/18/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 45
## 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*