PPP Loan information for The laboratory institute of merchandising inc.

$2,000,000

The laboratory institute of merchandising inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/12/2021 by The Citibank, N.A. reported 290 jobs and $2,000,000 was used to fund payroll.

The laboratory institute of merchandising inc. is Existing or more than 2 years old

PPP Loan Search / NY / New York / The laboratory institute of merchandising inc.

THE LABORATORY INSTITUTE OF MERCHANDISING INC.

Date Approved

03/12/2021

SBA Office Code

0202

Processing Method

PPS

Borrower Name

THE LABORATORY INSTITUTE OF MERCHANDISING INC.

Borrower Address

12 E 53rd St Lbby A

Borrower City

New York

Borrower State

NY

Borrower Zip

10022-5208

Loan Status Date

12/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

49274

Servicing Lender Name

Citibank, N.A.

Servicing Lender Address

5800 S. Corporate Place

Servicing Lender City

Sioux Falls

Servicing Lender State

SD

Servicing Lender Zip

57108

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

New York

Project County Name

NEW YORK

Project State

NY

Project Zip

10022-5208

CD

NY-12

Jobs Reported

290

NAICS Code

611310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1999999.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

49274

Originating Lender

Citibank, N.A.

Originating Lender City

Sioux Falls

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2012444.44

Forgiveness Date

11/02/2021

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