# PPP loan: AMERICAN FOLK ART MUSEUM
> **$426K** approved 04/11/2020 · Paid in Full · Loan `2727327105`
## Borrower
- **Name:** AMERICAN FOLK ART MUSEUM
- **Address:** 47-29 32nd Place 0.0, Long Island City, NY, 11101-2409
- **NAICS:** 712110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $426K
- **Initial approval:** $426K
- **Forgiven:** $430K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $335K
- **Rent:** $37K
- **Utilities:** $9K
- **Health care:** $44K
- **Jobs reported:** 39
## 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*