# PPP loan: 111 EAST 56TH STREET INC
> **$1.45M** approved 02/11/2021 · Paid in Full · Loan `6925458409`
## Borrower
- **Name:** 111 EAST 56TH STREET INC
- **Address:** 111 E 56th St, New York, NY, 10022-2600
- **NAICS:** 531110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.45M
- **Initial approval:** $1.45M
- **Forgiven:** $1.46M (101%)
- **Forgiveness date:** 03/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.45M
- **Utilities:** $1
- **Jobs reported:** 85
## Lender
- **Originating:** Valley National Bank
- **Servicing:** Valley National Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*