# PPP loan: ULTIMATE RESTAURANTS INC.
> **$158K** approved 05/12/2020 · Paid in Full · Loan `5412877410`
## Borrower
- **Name:** ULTIMATE RESTAURANTS INC.
- **Address:** 56 W Chippewa St, Buffalo, NY, 14202-2206
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $160K (101%)
- **Forgiveness date:** 10/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $118K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 28
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*