# PPP loan: ALGARVE BARBECUE CORPORATION
> **$285K** approved 04/27/2020 · Paid in Full · Loan `5714877209`
## Borrower
- **Name:** ALGARVE BARBECUE CORPORATION
- **Address:** 656 VAN BUREN AVE, ELIZABETH, NJ, 07201-1625
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $287K (101%)
- **Forgiveness date:** 03/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $37K
- **Utilities:** $24K
- **Jobs reported:** 42
## Lender
- **Originating:** Crown Bank
- **Servicing:** Crown Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*