# PPP loan: KOI NY LLC
> **$1.16M** approved 04/30/2020 · Exemption 4 · Loan `7231847303`
## Borrower
- **Name:** KOI NY LLC
- **Address:** 40 West 40th Street, New York, NY, 10018
- **NAICS:** 721199
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $70K (6%)
- **Forgiveness date:** 08/31/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $872K
- **Rent:** $145K
- **Utilities:** $145K
- **Jobs reported:** 109
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*