# PPP loan: 797 MADISON AVENUE SALON INC
> **$703K** approved 04/09/2020 · Charged Off · Loan `9986747000`
## Borrower
- **Name:** 797 MADISON AVENUE SALON INC
- **Address:** 200 VESEY ST FL 24, NEW YORK, NY, 10281-1004
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $703K
- **Initial approval:** $703K
- **Forgiven:** $372K (53%)
- **Forgiveness date:** 02/08/2022
- **Status:** Charged Off
- **Term:** 15 months
## Use of funds
- **Payroll:** $696K
- **Utilities:** $3K
- **Health care:** $4K
- **Jobs reported:** 30
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*