# PPP loan: GLEN TERRACE INC.
> **$250K** approved 05/01/2020 · Paid in Full · Loan `2963867704`
## Borrower
- **Name:** GLEN TERRACE INC.
- **Address:** 5313 AVENUE N, BROOKLYN, NY, 11234
- **NAICS:** 722320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Mortgage interest:** $21K
- **Utilities:** $17K
- **Health care:** $24K
- **Jobs reported:** 50
## 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*