# PPP loan: V & R PAYROLL FACTORS INC
> **$151K** approved 04/28/2020 · Paid in Full · Loan `6420657201`
## Borrower
- **Name:** V & R PAYROLL FACTORS INC
- **Address:** 369 West 35th Street, New York, NY, 10001
- **NAICS:** 522220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $70K (47%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $8K
- **Utilities:** $300
- **Health care:** $4K
- **Jobs reported:** 2
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*