# PPP loan: 1ST STATE VENTURES, LLC
> **$151K** approved 04/15/2020 · Paid in Full · Loan `9362867101`
## Borrower
- **Name:** 1ST STATE VENTURES, LLC
- **Address:** 115 East Main Street, Newark, DE, 19711
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $112K
- **Rent:** $28K
- **Utilities:** $6K
- **Health care:** $4K
- **Jobs reported:** 52
## 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*