# PPP loan: THE LABORATORY INSTITUTE OF MERCHANDISING INC.
> **$2.00M** approved 03/12/2021 · Paid in Full · Loan `9275248504`
## Borrower
- **Name:** THE LABORATORY INSTITUTE OF MERCHANDISING INC.
- **Address:** 12 E 53rd St Lbby A, New York, NY, 10022-5208
- **NAICS:** 611310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.01M (101%)
- **Forgiveness date:** 11/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Jobs reported:** 290
## Lender
- **Originating:** Citibank, N.A.
- **Servicing:** Citibank, N.A. (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*