# PPP loan: ERS ENTERPRISES, INC.
> **$845K** approved 04/29/2020 · Exemption 4 · Loan `2753997307`
## Borrower
- **Name:** ERS ENTERPRISES, INC.
- **Address:** 44 WEST 63RD ST, NEW YORK, NY, 10023-7029
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $845K
- **Initial approval:** $845K
- **Forgiven:** $258K (31%)
- **Forgiveness date:** 07/19/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $634K
- **Rent:** $167K
- **Utilities:** $44K
- **Jobs reported:** 94
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*