# PPP loan: IL PORTO, INC.
> **$208K** approved 01/27/2021 · Exemption 4 · Loan `6657568301`
## Borrower
- **Name:** IL PORTO, INC.
- **Address:** 121 King St, Alexandria, VA, 22314-3207
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $208K
- **Initial approval:** $208K
- **Forgiven:** $164K (79%)
- **Forgiveness date:** 12/13/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $208K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Burke & Herbert Bank & Trust Company
- **Servicing:** Burke & Herbert Bank & Trust Company (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*