# PPP loan: SOURCE MEDIA HOLDINGS INC
> **$5.43M** approved 04/27/2020 · Paid in Full · Loan `5000987205`
## Borrower
- **Name:** SOURCE MEDIA HOLDINGS INC
- **Address:** 1 State Street, NEW YORK, NY, 10004-1449
- **NAICS:** 511120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.43M
- **Initial approval:** $5.43M
- **Forgiven:** $5.49M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.08M
- **Rent:** $1.23M
- **Utilities:** $124K
- **Jobs reported:** 206
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*