# PPP loan: CBC RESTAURANT CORP.
> **$10.00M** approved 02/17/2021 · Charged Off · Loan `9410968403`
## Borrower
- **Name:** CBC RESTAURANT CORP.
- **Address:** 121 Friends Ln Ste 301, Newtown, PA, 18940-1897
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $2.00M
- **Forgiven:** $8.51M (85%)
- **Forgiveness date:** 07/13/2022
- **Status:** Charged Off
- **Term:** 38 months
## Use of funds
- **Payroll:** $10.00M
- **Utilities:** $1
- **Jobs reported:** 300
## Lender
- **Originating:** Meridian Bank
- **Servicing:** Meridian Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*