# PPP loan: SPRING PLACE ONE LTD
> **$2.00M** approved 04/10/2020 · Exemption 4 · Loan `2569867107`
## Borrower
- **Name:** SPRING PLACE ONE LTD
- **Address:** 6 ST JOHNS LANE 0.0, NEW YORK, NY, 10013-2115
- **NAICS:** 531120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $1.89M (95%)
- **Forgiveness date:** 08/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.50M
- **Rent:** $489K
- **Utilities:** $5K
- **Health care:** $5K
- **Jobs reported:** 196
## 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*