# PPP loan: TOUCH OF COLOR OF LONG ISLAND INC
> **$220K** approved 05/01/2020 · Exemption 4 · Loan `2508597704`
## Borrower
- **Name:** TOUCH OF COLOR OF LONG ISLAND INC
- **Address:** 162 JEFFERSON AVE, ST JAMES, NY, 11780
- **NAICS:** 999990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $118K (54%)
- **Forgiveness date:** 07/20/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $88K
- **Rent:** $3K
- **Utilities:** $3K
- **Jobs reported:** 7
## 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*