# PPP loan: 40 EAST 88 OWNERS INC.
> **$250K** approved 03/03/2021 · Paid in Full · Loan `6155178509`
## Borrower
- **Name:** 40 EAST 88 OWNERS INC.
- **Address:** 40 E 88th St, New York, NY, 10128-1176
- **NAICS:** 531390
- **Business type:** Housing Co-op
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 01/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $250K
- **Utilities:** $1
- **Jobs reported:** 14
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*