# PPP loan: VYBE ENTERTAINMENT GROUP, INC
> **$205K** approved 04/07/2020 · Exemption 4 · Loan `6520317005`
## Borrower
- **Name:** VYBE ENTERTAINMENT GROUP, INC
- **Address:** 1970 State Route 35, SOUTH AMBOY, NJ, 08879
- **NAICS:** 812990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $151K (73%)
- **Forgiveness date:** 08/10/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $205K
- **Jobs reported:** 41
## Lender
- **Originating:** Berkshire Bank
- **Servicing:** Berkshire Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*