# PPP loan: 11-11 LIC DEVELOPMENT LLC
> **$349K** approved 03/30/2021 · Exemption 4 · Loan `2850388702`
## Borrower
- **Name:** 11-11 LIC DEVELOPMENT LLC
- **Address:** 3870 12th St, Long Island City, NY, 11101-6116
- **NAICS:** 721110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $253K (73%)
- **Forgiveness date:** 05/12/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $349K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** The Bank of Princeton
- **Servicing:** The Bank of Princeton (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*