# PPP loan: BROOKLYN ELEVATOR CORPORATION
> **$400K** approved 05/01/2020 · Exemption 4 · Loan `9227077304`
## Borrower
- **Name:** BROOKLYN ELEVATOR CORPORATION
- **Address:** 246 AVENUE U, BROOKLYN, NY, 11223-3859
- **NAICS:** 561790
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $246K (62%)
- **Forgiveness date:** 06/24/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Jobs reported:** 15
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*