# PPP loan: 48 SOUTH FOURTH STREET CORP
> **$156K** approved 05/12/2020 · Exemption 4 · Loan `5606747404`
## Borrower
- **Name:** 48 SOUTH FOURTH STREET CORP
- **Address:** 48 South 4th Street, BROOKLYN, NY, 11249-5105
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $166K
- **Forgiven:** $142K (91%)
- **Forgiveness date:** 10/04/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $117K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 12
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Square Capital, LLC (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*