# PPP loan: DOWN RIGHT LTD.
> **$265K** approved 05/01/2020 · Paid in Full · Loan `3132337702`
## Borrower
- **Name:** DOWN RIGHT LTD.
- **Address:** 4603 1ST AVE, BROOKLYN, NY, 11232
- **NAICS:** 423210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $265K
- **Initial approval:** $265K
- **Forgiven:** $268K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $30K
- **Mortgage interest:** $5K
- **Utilities:** $10K
- **Jobs reported:** 39
## 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*