# PPP loan: LA PLACE INC
> **$227K** approved 05/01/2020 · Exemption 4 · Loan `5094307701`
## Borrower
- **Name:** LA PLACE INC
- **Address:** 602 BROADHOLLOW RD, MELVILLE, NY, 11747-5005
- **NAICS:** 999990
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $142K (63%)
- **Forgiveness date:** 12/16/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 31
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*