# PPP loan: BANANA KING CORP
> **$424K** approved 04/15/2020 · Exemption 4 · Loan `1177687206`
## Borrower
- **Name:** BANANA KING CORP
- **Address:** 320 9TH AVE, PATERSON, NJ, 07514
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $424K
- **Initial approval:** $557K
- **Forgiven:** $362K (86%)
- **Forgiveness date:** 06/02/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $424K
- **Jobs reported:** 102
## Lender
- **Originating:** Bank of Hope
- **Servicing:** Bank of Hope (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*