# PPP loan: PORTOVINO RESTAURANT INC
> **$176K** approved 04/30/2020 · Exemption 4 · Loan `4737267310`
## Borrower
- **Name:** PORTOVINO RESTAURANT INC
- **Address:** 109-32 Ascan Avenue, Forest Hills, NY, 11375
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $176K
- **Initial approval:** $176K
- **Forgiven:** $136K (77%)
- **Forgiveness date:** 03/17/2022
- **Status:** Exemption 4
- **Term:** 81 months
## Use of funds
- **Payroll:** $176K
- **Jobs reported:** 32
## Lender
- **Originating:** Flagstar Bank National Association
- **Servicing:** Flagstar Bank National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*