# PPP loan: ALI BABA'S TERRACE, INC.
> **$266K** approved 02/27/2021 · Paid in Full · Loan `5112988500`
## Borrower
- **Name:** ALI BABA'S TERRACE, INC.
- **Address:** 862 2nd Ave, New York, NY, 10017-2902
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $266K
- **Initial approval:** $266K
- **Forgiven:** $270K (102%)
- **Forgiveness date:** 09/26/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $266K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*