# PPP loan: PACE/MACGILL, INC.
> **$234K** approved 04/14/2020 · Paid in Full · Loan `7921457105`
## Borrower
- **Name:** PACE/MACGILL, INC.
- **Address:** 32 E 57th St Fl 9, New York, NY, 10022-8569
- **NAICS:** 453920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $234K
- **Initial approval:** $234K
- **Forgiven:** $104K (44%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $100K
- **Rent:** $100K
- **Utilities:** $400
- **Debt interest:** $34K
- **Jobs reported:** 2
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*