# PPP loan: CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION, INC.
> **$2.26M** approved 04/27/2020 · Paid in Full · Loan `3744887203`
## Borrower
- **Name:** CYPRESS HILLS LOCAL DEVELOPMENT CORPORATION, INC.
- **Address:** 625 Jamaica Avenue, Brooklyn, NY, 11208
- **NAICS:** 624110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.26M
- **Initial approval:** $2.26M
- **Forgiven:** $2.29M (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.00M
- **Rent:** $55K
- **Utilities:** $6K
- **Health care:** $200K
- **Jobs reported:** 382
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*