# PPP loan: BEACON'S CLOSET JR. INC.
> **$150K** approved 04/30/2020 · Paid in Full · Loan `5000847307`
## Borrower
- **Name:** BEACON'S CLOSET JR. INC.
- **Address:** 92 5TH AVE, BROOKLYN, NY, 11217
- **NAICS:** 448140
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $160K
- **Forgiven:** $132K (88%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $106K
- **Rent:** $37K
- **Utilities:** $1K
- **Health care:** $6K
- **Jobs reported:** 23
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*