# PPP loan: 407 W 42ND STREET CORPORATION
> **$636K** approved 02/04/2021 · Exemption 4 · Loan `3300658406`
## Borrower
- **Name:** 407 W 42ND STREET CORPORATION
- **Address:** 407 W 42nd St, New York, NY, 10036-6808
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $636K
- **Initial approval:** $636K
- **Forgiven:** $422K (66%)
- **Forgiveness date:** 07/08/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $636K
- **Utilities:** $1
- **Jobs reported:** 53
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*