# PPP loan: PORTOFINO CAFE INC
> **$241K** approved 06/17/2020 · Paid in Full · Loan `7250657910`
## Borrower
- **Name:** PORTOFINO CAFE INC
- **Address:** 525 LINCOLN RD, MIAMI BEACH, FL, 33139-2913
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $277K
- **Forgiven:** $244K (101%)
- **Forgiveness date:** 10/27/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $241K
- **Jobs reported:** 13
## Lender
- **Originating:** IberiaBank, A Division of First Horizon Bank
- **Servicing:** First Horizon Bank (TN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*