# PPP loan: 520 HAPPY TIMES INC.
> **$481K** approved 02/17/2021 · Charged Off · Loan `9691348400`
## Borrower
- **Name:** 520 HAPPY TIMES INC.
- **Address:** 520 8th Ave, New York, NY, 10018-6507
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $481K
- **Initial approval:** $481K
- **Forgiven:** $315K (65%)
- **Forgiveness date:** 03/21/2022
- **Status:** Charged Off
- **Term:** 108 months
## Use of funds
- **Payroll:** $481K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** Mid Penn Bank
- **Servicing:** Mid Penn Bank (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*