# PPP loan: KBAB INC.
> **$760K** approved 02/10/2021 · Charged Off · Loan `6094058405`
## Borrower
- **Name:** KBAB INC.
- **Address:** 63 S Menantic Rd, SHELTER ISLAND, NY, 11964
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $760K
- **Initial approval:** $760K
- **Forgiven:** $684K (90%)
- **Forgiveness date:** 11/22/2022
- **Status:** Charged Off
- **Term:** 34 months
## Use of funds
- **Payroll:** $760K
- **Utilities:** $1
- **Jobs reported:** 58
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*