# PPP loan: LING ASIAN RESTAURANT, LLC
> **$324K** approved 05/01/2020 · Paid in Full · Loan `3118137705`
## Borrower
- **Name:** LING ASIAN RESTAURANT, LLC
- **Address:** 1203 W 6th St, Austin, TX, 78703
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $324K
- **Initial approval:** $324K
- **Forgiven:** $328K (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $297K
- **Rent:** $16K
- **Utilities:** $11K
- **Jobs reported:** 54
## 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*