# PPP loan: THE RESTAURANT FACTORY VENTURE III
> **$1.27M** approved 02/04/2021 · Exemption 4 · Loan `3057508406`
## Borrower
- **Name:** THE RESTAURANT FACTORY VENTURE III
- **Address:** 28128 Pacific Coast Hwy, Malibu, CA, 90265-3928
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.10M (86%)
- **Forgiveness date:** 01/25/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.27M
- **Utilities:** $1
- **Jobs reported:** 149
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*