# PPP loan: SIL THREAD INC.
> **$189K** approved 04/06/2020 · Paid in Full · Loan `6190547000`
## Borrower
- **Name:** SIL THREAD INC.
- **Address:** 257 W 38TH STREET, NEW YORK, NY, 10018-0209
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $239K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $45K
- **Utilities:** $2K
- **Jobs reported:** 19
## Lender
- **Originating:** Shinhan Bank America
- **Servicing:** Shinhan Bank America (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*