# PPP loan: S&L CLASSICS INC.
> **$163K** approved 04/27/2020 · Charged Off · Loan `5012247203`
## Borrower
- **Name:** S&L CLASSICS INC.
- **Address:** 50 chestnut ridge rd suite 121, montvale, NJ, 07645
- **NAICS:** 922130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $163K
- **Initial approval:** $163K
- **Forgiven:** $87K (54%)
- **Forgiveness date:** 04/01/2022
- **Status:** Charged Off
- **Term:** 8 months
## Use of funds
- **Payroll:** $163K
- **Jobs reported:** 13
## Lender
- **Originating:** Greater Nevada CU
- **Servicing:** Fountainhead SBF LLC (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*