# PPP loan: SPIN PHILADELPHIA LLC
> **$295K** approved 05/01/2020 · Exemption 4 · Loan `2769797703`
## Borrower
- **Name:** SPIN PHILADELPHIA LLC
- **Address:** 48 E 23rd St, New York, NY, 10010
- **NAICS:** —
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $209K (71%)
- **Forgiveness date:** 11/04/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $221K
- **Rent:** $74K
- **Jobs reported:** 64
## 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*