# PPP loan: SMA NYC INC
> **$226K** approved 04/15/2020 · Paid in Full · Loan `8620217104`
## Borrower
- **Name:** SMA NYC INC
- **Address:** 121 East 24th Street  9th Floor New York, NY, NY, 10010
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 09/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Rent:** $44K
- **Utilities:** $1K
- **Health care:** $13K
- **Jobs reported:** 12
## 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*