# PPP loan: KINEMOTIVE CORPORATION
> **$555K** approved 05/01/2020 · Paid in Full · Loan `2876597708`
## Borrower
- **Name:** KINEMOTIVE CORPORATION
- **Address:** 222 CENTRAL AVE, FARMINGDALE, NY, 11735
- **NAICS:** 332912
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $555K
- **Initial approval:** $555K
- **Forgiven:** $559K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $28K
- **Utilities:** $30K
- **Health care:** $77K
- **Jobs reported:** 420
## 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*