# PPP loan: 1416 CHESTNUT HOLDING CORPORATION
> **$273K** approved 04/15/2020 · Paid in Full · Loan `8268127101`
## Borrower
- **Name:** 1416 CHESTNUT HOLDING CORPORATION
- **Address:** 140 South Broad Street, PHILADELPHIA, PA, 19102-1001
- **NAICS:** 812930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $273K
- **Initial approval:** $273K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Mortgage interest:** $68K
- **Health care:** $76K
- **Jobs reported:** 31
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*