# PPP loan: BIG APPLE INSTITUTE INC
> **$1.02M** approved 01/27/2021 · Paid in Full · Loan `6514478301`
## Borrower
- **Name:** BIG APPLE INSTITUTE INC
- **Address:** 524 Lake St, Brooklyn, NY, 11223-5361
- **NAICS:** 611110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.02M
- **Initial approval:** $1.02M
- **Forgiven:** $1.02M (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.02M
- **Utilities:** $1
- **Jobs reported:** 125
## Lender
- **Originating:** Hanover Community Bank
- **Servicing:** Hanover Community Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*