# PPP loan: RED CAP NYC SERVICES INC.
> **$627K** approved 03/20/2021 · Paid in Full · Loan `5985578603`
## Borrower
- **Name:** RED CAP NYC SERVICES INC.
- **Address:** 3545 35th St, Long Island City, NY, 11106-1608
- **NAICS:** 561599
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $627K
- **Initial approval:** $627K
- **Forgiven:** $536K (85%)
- **Forgiveness date:** 04/18/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $627K
- **Jobs reported:** 37
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*