# PPP loan: KING WAH RESTAURANT & LOUNGE INC.
> **$286K** approved 02/01/2021 · Paid in Full · Loan `1341538402`
## Borrower
- **Name:** KING WAH RESTAURANT & LOUNGE INC.
- **Address:** 2765 Pershing Way, Klamath Falls, OR, 97603-5407
- **NAICS:** 722511
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $286K
- **Initial approval:** $286K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 05/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $286K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*