# PPP loan: 1640, LLC
> **$187K** approved 04/04/2020 · Paid in Full · Loan `4817617003`
## Borrower
- **Name:** 1640, LLC
- **Address:** 51 Linebrook Road, IPSWICH, MA, 01938-2900
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $23K
- **Utilities:** $23K
- **Jobs reported:** 27
## Lender
- **Originating:** Institution for Savings In Newburyport and its Vicinity
- **Servicing:** Institution for Savings In Newburyport and its Vicinity (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*