# PPP loan: KING UMBERTO INC
> **$391K** approved 04/13/2020 · Paid in Full · Loan `4501117108`
## Borrower
- **Name:** KING UMBERTO INC
- **Address:** 1343 Hempstead Tpke, ELMONT, NY, 11003-1126
- **NAICS:** 722320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $395K (101%)
- **Forgiveness date:** 04/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $313K
- **Rent:** $78K
- **Jobs reported:** 50
## Lender
- **Originating:** Dime Community Bank
- **Servicing:** Dime Community Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*