# PPP loan: A & B RESTAURANT GROUP LLC
> **$623K** approved 05/01/2020 · Exemption 4 · Loan `3671067703`
## Borrower
- **Name:** A & B RESTAURANT GROUP LLC
- **Address:** 425 MADISON AVE RM 1001, NEW YORK, NY, 10017
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $623K
- **Initial approval:** $623K
- **Forgiven:** $186K (30%)
- **Forgiveness date:** 08/25/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $467K
- **Rent:** $150K
- **Utilities:** $6K
- **Jobs reported:** 71
## 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*