# PPP loan: RED HOOK INITIATIVE INC
> **$628K** approved 03/29/2021 · Paid in Full · Loan `2503538705`
## Borrower
- **Name:** RED HOOK INITIATIVE INC
- **Address:** 767 Hicks St, Brooklyn, NY, 11231-2505
- **NAICS:** 624110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $628K
- **Initial approval:** $628K
- **Forgiven:** $632K (101%)
- **Forgiveness date:** 11/26/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $628K
- **Utilities:** $1
- **Jobs reported:** 232
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*