# PPP loan: LONG ACRE RESTAURANT ASSOCIATES LLC
> **$164K** approved 03/05/2021 · Exemption 4 · Loan `7156558501`
## Borrower
- **Name:** LONG ACRE RESTAURANT ASSOCIATES LLC
- **Address:** 146 W 47th St, New York, NY, 10036-1502
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $130K (79%)
- **Forgiveness date:** 11/15/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*