# PPP loan: US GYMNASTICS DEVELOPMENT CENTER II, INC.
> **$280K** approved 04/29/2020 · Exemption 4 · Loan `3027777300`
## Borrower
- **Name:** US GYMNASTICS DEVELOPMENT CENTER II, INC.
- **Address:** 6 LEIGHTON PL, MAHWAH, NJ, 07430-3198
- **NAICS:** 611620
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $256K (91%)
- **Forgiveness date:** 01/28/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 22
## Lender
- **Originating:** Columbia Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*