# PPP loan: VERSATILE STUDIOS, INC.
> **$237K** approved 04/28/2020 · Paid in Full · Loan `6916647202`
## Borrower
- **Name:** VERSATILE STUDIOS, INC.
- **Address:** 866 6th Avenue, New York, NY, 10001
- **NAICS:** 541810
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $237K
- **Initial approval:** $237K
- **Forgiven:** $240K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $37K
- **Utilities:** $7K
- **Health care:** $21K
- **Debt interest:** $7K
- **Jobs reported:** 18
## Lender
- **Originating:** American Express National Bank
- **Servicing:** American Express National Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*