# PPP loan: WALLY'S FOOD SERVICE, INC.
> **$159K** approved 05/01/2020 · Paid in Full · Loan `2260177702`
## Borrower
- **Name:** WALLY'S FOOD SERVICE, INC.
- **Address:** 1137A DEER PARK AVE, NO BABYLON, NY, 11703
- **NAICS:** 445291
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $159K
- **Initial approval:** $159K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 10/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $138K
- **Rent:** $10K
- **Utilities:** $9K
- **Health care:** $3K
- **Jobs reported:** 26
## 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*