# PPP loan: GBND ENTERPRISES, INC
> **$493K** approved 04/15/2020 · Exemption 4 · Loan `9016617104`
## Borrower
- **Name:** GBND ENTERPRISES, INC
- **Address:** 117 MacDougal Street, New York, NY, 10012
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $493K
- **Initial approval:** $493K
- **Forgiven:** $19K (4%)
- **Forgiveness date:** 08/26/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $417K
- **Rent:** $68K
- **Utilities:** $7K
- **Jobs reported:** 49
## 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*