# PPP loan: IVY1 RESTAURANT INC
> **$429K** approved 02/02/2021 · Charged Off · Loan `1481818405`
## Borrower
- **Name:** IVY1 RESTAURANT INC
- **Address:** 7 W 45th St, New York, NY, 10036-4905
- **NAICS:** 722410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $429K
- **Initial approval:** $429K
- **Status:** Charged Off
- **Term:** 45 months
## Use of funds
- **Payroll:** $429K
- **Utilities:** $1
- **Jobs reported:** 104
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*