# PPP loan: SPIN NYC LLC
> **$633K** approved 04/16/2020 · Exemption 4 · Loan `2580757208`
## Borrower
- **Name:** SPIN NYC LLC
- **Address:** 304 PARK AVE S, NEW YORK, NY, 10010-4301
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $633K
- **Initial approval:** $633K
- **Forgiven:** $364K (57%)
- **Forgiveness date:** 09/10/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $511K
- **Rent:** $97K
- **Utilities:** $25K
- **Jobs reported:** 88
## 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*