# PPP loan: BEACON'S CLOSET IV, INC.
> **$196K** approved 04/30/2020 · Paid in Full · Loan `4848157304`
## Borrower
- **Name:** BEACON'S CLOSET IV, INC.
- **Address:** 23 BOGART ST, BROOKLYN, NY, 11206
- **NAICS:** 453310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $206K
- **Forgiven:** $198K (101%)
- **Forgiveness date:** 05/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $16K
- **Utilities:** $6K
- **Health care:** $17K
- **Jobs reported:** 27
## 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*