# PPP loan: THE SARUT GROUP INC
> **$164K** approved 06/09/2020 · Exemption 4 · Loan `9800737806`
## Borrower
- **Name:** THE SARUT GROUP INC
- **Address:** 772 HUMBOLDT ST, BROOKLYN, NY, 11222-3002
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $121K (74%)
- **Forgiveness date:** 12/09/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **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*