# PPP loan: FORTY EIGHT LOUNGE LLC
> **$272K** approved 04/14/2020 · Exemption 4 · Loan `6211997104`
## Borrower
- **Name:** FORTY EIGHT LOUNGE LLC
- **Address:** 1221 Avenue of the Americas Lbby 4, New York, NY, 10020-1001
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $272K
- **Initial approval:** $272K
- **Forgiven:** $221K (81%)
- **Forgiveness date:** 10/21/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $272K
- **Jobs reported:** 40
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*