# PPP loan: RAVE RESTAURANT, INC.
> **$507K** approved 04/07/2020 · Paid in Full · Loan `7405737001`
## Borrower
- **Name:** RAVE RESTAURANT, INC.
- **Address:** 232 West 48th St, NEW YORK, NY, 10036-1424
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $514K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $507K
- **Jobs reported:** 35
## Lender
- **Originating:** OceanFirst Bank, National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*