# PPP loan: 116 E60 LLC
> **$244K** approved 04/28/2020 · Exemption 4 · Loan `6753387201`
## Borrower
- **Name:** 116 E60 LLC
- **Address:** 116 East 60th St, New York, NY, 10022
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $98K (40%)
- **Forgiveness date:** 11/04/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $47K
- **Utilities:** $12K
- **Jobs reported:** 33
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*