# PPP loan: MANHATTAN BY SAIL INC.
> **$488K** approved 04/16/2020 · Paid in Full · Loan `2477997201`
## Borrower
- **Name:** MANHATTAN BY SAIL INC.
- **Address:** 80 BROAD ST 510, NEW YORK, NY, 10004-2209
- **NAICS:** 551112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $488K
- **Initial approval:** $343K
- **Forgiven:** $495K (101%)
- **Forgiveness date:** 11/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $471K
- **Rent:** $15K
- **Utilities:** $3K
- **Jobs reported:** 21
## Lender
- **Originating:** Transportation Alliance Bank, Inc. d/b/a TAB Bank
- **Servicing:** Transportation Alliance Bank, Inc. d/b/a TAB Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*