# PPP loan: CAPITAL MARKETS PLACEMENT
> **$271K** approved 05/08/2020 · Charged Off · Loan `3878707408`
## Borrower
- **Name:** CAPITAL MARKETS PLACEMENT
- **Address:** 157 EAST 86TH ST 5TH FLOOR, NEW YORK, NY, 10028
- **NAICS:** 561312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $246K (91%)
- **Forgiveness date:** 05/08/2023
- **Status:** Charged Off
- **Term:** 14 months
## Use of funds
- **Payroll:** $271K
- **Jobs reported:** 10
## Lender
- **Originating:** Wells Fargo Bank, National Association
- **Servicing:** Wells Fargo Bank, National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*