# PPP loan: CENTERCUT RESTAURANT CORP D/B/A RYE HOUSE
> **$270K** approved 02/14/2021 · Charged Off · Loan `8988658406`
## Borrower
- **Name:** CENTERCUT RESTAURANT CORP D/B/A RYE HOUSE
- **Address:** 11 W 17th St, New York, NY, 10011-5514
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $41K (15%)
- **Forgiveness date:** 08/02/2022
- **Status:** Charged Off
- **Term:** 36 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $1
- **Jobs reported:** 24
## Lender
- **Originating:** Signature Bank
- **Servicing:** Signature Bank (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*