# PPP loan: BABETTE'S NEWPORT BEACH LLC
> **$227K** approved 05/15/2020 · Charged Off · Loan `7038307401`
## Borrower
- **Name:** BABETTE'S NEWPORT BEACH LLC
- **Address:** 7962 East COAST HWY, NEWPORT COAST, CA, 92657-2139
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Status:** Charged Off
- **Term:** 2 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 31
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*