# PPP loan: MBARETE CONTRACTING CORP
> **$466K** approved 05/24/2020 · Charged Off · Loan `2859947802`
## Borrower
- **Name:** MBARETE CONTRACTING CORP
- **Address:** 66-33 FRESH POND ROAD, RIDGEWOOD, NY, 11385
- **NAICS:** 238350
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $466K
- **Initial approval:** $466K
- **Forgiven:** $463K (99%)
- **Forgiveness date:** 08/24/2022
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $466K
- **Jobs reported:** 32
## Lender
- **Originating:** Kabbage, Inc.
- **Servicing:** Cross River Bank (NJ)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*