# PPP loan: METROPOLITAN COLLEGE OF NEW YORK
> **$2.35M** approved 04/13/2020 · Paid in Full · Loan `5161047108`
## Borrower
- **Name:** METROPOLITAN COLLEGE OF NEW YORK
- **Address:** 60 West Street 0.0, New York, NY, 10006-1735
- **NAICS:** 611310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.35M
- **Initial approval:** $2.35M
- **Forgiven:** $2.38M (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.10M
- **Mortgage interest:** $171K
- **Utilities:** $80K
- **Jobs reported:** 323
## 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*