# PPP loan: PRESTIGE MILLS, INC
> **$1.67M** approved 04/14/2020 · Paid in Full · Loan `5981237101`
## Borrower
- **Name:** PRESTIGE MILLS, INC
- **Address:** 3401 38th Avenue, LONG ISLAND CITY, NY, 11101-13ND
- **NAICS:** 424990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.67M
- **Initial approval:** $1.67M
- **Forgiven:** $1.69M (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Rent:** $400K
- **Utilities:** $17K
- **Jobs reported:** 98
## 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*