# PPP loan: AKRAM RESTAURANT MANAGEMENT INC
> **$350K** approved 05/01/2020 · Paid in Full · Loan `1885967709`
## Borrower
- **Name:** AKRAM RESTAURANT MANAGEMENT INC
- **Address:** 129 MULBERRY ST, NEW YORK, NY, 10013
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $354K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $50K
- **Utilities:** $50K
- **Health care:** $49K
- **Jobs reported:** 30
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*