# PPP loan: THE LOBSTER PLACE, INC.
> **$2.51M** approved 04/13/2020 · Paid in Full · Loan `4555997109`
## Borrower
- **Name:** THE LOBSTER PLACE, INC.
- **Address:** 75 Ninth Avenue, NEW YORK, NY, 10011-4730
- **NAICS:** 424460
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.51M
- **Initial approval:** $2.51M
- **Forgiven:** $2.54M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.01M
- **Rent:** $503K
- **Jobs reported:** 253
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*