# PPP loan: SPIN NYC E54 LLC
> **$255K** approved 04/16/2020 · Exemption 4 · Loan `2601427203`
## Borrower
- **Name:** SPIN NYC E54 LLC
- **Address:** 48 E 23rd St, NEW YORK, NY, 10010-3106
- **NAICS:** 713990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $34K (13%)
- **Forgiveness date:** 07/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $192K
- **Rent:** $64K
- **Jobs reported:** 49
## 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*