# PPP loan: 1776 RESTAURANT LLC
> **$157K** approved 01/16/2021 · Paid in Full · Loan `1070138310`
## Borrower
- **Name:** 1776 RESTAURANT LLC
- **Address:** 18585 Coastal Hwy Unit 6, Rehoboth Beach, DE, 19971-6147
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $157K
- **Initial approval:** $157K
- **Forgiven:** $158K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $157K
- **Utilities:** $1
- **Jobs reported:** 25
## Lender
- **Originating:** County Bank
- **Servicing:** County Bank (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*