# PPP loan: ATLANTIC MANAGEMENT NY INC
> **$1.01M** approved 02/07/2021 · Exemption 4 · Loan `4924658409`
## Borrower
- **Name:** ATLANTIC MANAGEMENT NY INC
- **Address:** 571 E New York Ave, Brooklyn, NY, 11225-4592
- **NAICS:** 531210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.01M
- **Initial approval:** $1.01M
- **Forgiven:** $975K (96%)
- **Forgiveness date:** 03/31/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.01M
- **Jobs reported:** 84
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*