# PPP loan: THE NEW MAYFAIR CO, INC
> **$2.57M** approved 04/28/2020 · Exemption 4 · Loan `6704447210`
## Borrower
- **Name:** THE NEW MAYFAIR CO, INC
- **Address:** 100 BALDWIN RD, HEMPSTEAD, NY, 11550
- **NAICS:** 623110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.57M
- **Initial approval:** $2.57M
- **Forgiven:** $2.37M (92%)
- **Forgiveness date:** 01/13/2022
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $2.57M
- **Jobs reported:** 208
## Lender
- **Originating:** Signature Bank
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*