# PPP loan: NEW LAB INVESTOR GROUP LLC
> **$769K** approved 04/02/2021 · Paid in Full · Loan `4993558701`
## Borrower
- **Name:** NEW LAB INVESTOR GROUP LLC
- **Address:** 1261 Broadway, New York, NY, 10001-3506
- **NAICS:** 531120
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $769K
- **Initial approval:** $769K
- **Forgiven:** $775K (101%)
- **Forgiveness date:** 01/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $769K
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** Piermont Bank
- **Servicing:** Piermont Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*