# PPP loan: NEW YORK FOODS CO., INC.
> **$474K** approved 04/11/2020 · Charged Off · Loan `3624727109`
## Borrower
- **Name:** NEW YORK FOODS CO., INC.
- **Address:** 2320 ALASKA AVE, EL SEGUNDO, CA, 90245-4807
- **NAICS:** 722310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $474K
- **Initial approval:** $474K
- **Forgiven:** $423K (89%)
- **Forgiveness date:** 01/26/2021
- **Status:** Charged Off
- **Term:** 8 months
## Use of funds
- **Payroll:** $350K
- **Rent:** $64K
- **Utilities:** $30K
- **Health care:** $30K
- **Jobs reported:** 84
## Lender
- **Originating:** American Business Bank
- **Servicing:** American Business Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*