# PPP loan: FACTORY DIRECT DISTRIBUTORS
> **$259K** approved 05/01/2020 · Exemption 4 · Loan `2961507708`
## Borrower
- **Name:** FACTORY DIRECT DISTRIBUTORS
- **Address:** 1599 SW 30TH AVE STE 6, BOYNTON BEACH, FL, 33426
- **NAICS:** 423320
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $262K
- **Forgiven:** $177K (68%)
- **Forgiveness date:** 06/14/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $12K
- **Utilities:** $1K
- **Debt interest:** $2K
- **Jobs reported:** 13
## 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*