# PPP loan: PORTO RESTAURANT INC
> **$206K** approved 05/01/2020 · Paid in Full · Loan `1902017709`
## Borrower
- **Name:** PORTO RESTAURANT INC
- **Address:** 574 AVENUE OF THE AMERICAS, NEW YORK, NY, 10011
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $206K
- **Initial approval:** $206K
- **Forgiven:** $208K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Rent:** $32K
- **Utilities:** $8K
- **Jobs reported:** 260
## 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*