# PPP loan: MEDALLION ASSOCIATES LTD
> **$650K** approved 04/29/2020 · Paid in Full · Loan `3970447307`
## Borrower
- **Name:** MEDALLION ASSOCIATES LTD
- **Address:** 37 West 20th street 4th floor, New York, NY, 10011
- **NAICS:** 541613
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Jobs reported:** 35
## 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*