# PPP loan: BARBETTA RESTAURANT INC.
> **$474K** approved 02/03/2021 · Exemption 4 · Loan `2532348401`
## Borrower
- **Name:** BARBETTA RESTAURANT INC.
- **Address:** 321 W 46th St, New York, NY, 10036-3810
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $323K (68%)
- **Forgiveness date:** 12/23/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $474K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** Live Oak Banking Company
- **Servicing:** Live Oak Banking Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*