# PPP loan: THE SPOT RESTAURANT INC.
> **$497K** approved 02/10/2021 · Paid in Full · Loan `6674878400`
## Borrower
- **Name:** THE SPOT RESTAURANT INC.
- **Address:** 17200 Ventura Blvd Ste 202 Encino, Encino, CA, 91316-4082
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 09/22/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $497K
- **Jobs reported:** 47
## Lender
- **Originating:** Readycap Lending, LLC
- **Servicing:** Readycap Lending, LLC (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*