# PPP loan: UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK
> **$5.50M** approved 06/26/2020 · Charged Off · Loan `4747368000`
## Borrower
- **Name:** UNIVERSITY SETTLEMENT SOCIETY OF NEW YORK
- **Address:** 184 ELDRIDGE ST, NEW YORK, NY, 10002-2924
- **NAICS:** 624190
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.50M
- **Initial approval:** $5.50M
- **Forgiven:** $2.92M (53%)
- **Forgiveness date:** 04/22/2022
- **Status:** Charged Off
- **Term:** 13 months
## Use of funds
- **Payroll:** $4.05M
- **Rent:** $400K
- **Utilities:** $350K
- **Health care:** $700K
- **Jobs reported:** 389
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*