# PPP loan: KING SOLOMON FOODS, INC
> **$340K** approved 04/14/2020 · Paid in Full · Loan `5987587102`
## Borrower
- **Name:** KING SOLOMON FOODS, INC
- **Address:** 5600 1st Avenue, Brooklyn, NY, 11220
- **NAICS:** 424470
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $343K (101%)
- **Forgiveness date:** 04/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $255K
- **Rent:** $60K
- **Utilities:** $25K
- **Jobs reported:** 26
## Lender
- **Originating:** Alma Bank
- **Servicing:** Alma Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*