# PPP loan: SMG NEWBURY RESTAURANT LLC
> **$271K** approved 01/23/2021 · Paid in Full · Loan `4868828308`
## Borrower
- **Name:** SMG NEWBURY RESTAURANT LLC
- **Address:** 237 Newbury St, Boston, MA, 02116-2505
- **NAICS:** 722511
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $271K
- **Initial approval:** $271K
- **Forgiven:** $275K (102%)
- **Forgiveness date:** 10/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*