# PPP loan: PLATINUM CAFE AND LOUNGE
> **$164K** approved 02/22/2021 · Exemption 4 · Loan `2685718504`
## Borrower
- **Name:** PLATINUM CAFE AND LOUNGE
- **Address:** 1925 Centre Ave, Reading, PA, 19605-2815
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $117K (72%)
- **Forgiveness date:** 06/08/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*