# PPP loan: 416 8TH AVENUE BBQ
> **$472K** approved 04/14/2020 · Charged Off · Loan `5976297103`
## Borrower
- **Name:** 416 8TH AVENUE BBQ
- **Address:** 348 Dyckman Street, New York, NY, 10034
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $472K
- **Initial approval:** $472K
- **Forgiven:** $147K (31%)
- **Forgiveness date:** 06/28/2022
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $385K
- **Rent:** $35K
- **Utilities:** $18K
- **Health care:** $12K
- **Debt interest:** $22K
- **Jobs reported:** 55
## Lender
- **Originating:** Blue Ridge Bank, National Association
- **Servicing:** Blue Ridge Bank, National Association (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*