# PPP loan: 505 NINTH STREET PARTNERS LLC
> **$477K** approved 04/06/2020 · Exemption 4 · Loan `6324967004`
## Borrower
- **Name:** 505 NINTH STREET PARTNERS LLC
- **Address:** 717 D St NW, WASHINGTON, DC, 20004-2804
- **NAICS:** 541990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $477K
- **Initial approval:** $477K
- **Forgiven:** $354K (74%)
- **Forgiveness date:** 05/27/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $358K
- **Rent:** $60K
- **Utilities:** $60K
- **Jobs reported:** 39
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*