# PPP loan: MCCORMICKS FAMILY RESTAURANTS INC.
> **$256K** approved 01/17/2021 · Paid in Full · Loan `1424838306`
## Borrower
- **Name:** MCCORMICKS FAMILY RESTAURANTS INC.
- **Address:** 1102 Highway 15 S, Hutchinson, MN, 55350-3120
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $256K
- **Initial approval:** $256K
- **Forgiven:** $258K (101%)
- **Forgiveness date:** 08/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $256K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** Citizens Bank & Trust Co
- **Servicing:** Citizens Bank & Trust Co (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*