# PPP loan: MDB LLC
> **$315K** approved 04/16/2020 · Exemption 4 · Loan `2500487200`
## Borrower
- **Name:** MDB LLC
- **Address:** 135 MADISON AVE FL 5, NEW YORK, NY, 10016
- **NAICS:** 561920
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $315K
- **Initial approval:** $315K
- **Forgiven:** $117K (37%)
- **Forgiveness date:** 08/26/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $282K
- **Rent:** $14K
- **Health care:** $18K
- **Jobs reported:** 17
## 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*