# PPP loan: MICHAEL'S RESTAURANT & MARKET INC.
> **$341K** approved 02/02/2021 · Paid in Full · Loan `1812198404`
## Borrower
- **Name:** MICHAEL'S RESTAURANT & MARKET INC.
- **Address:** 1206 Lake Park Blvd N, Carolina Beach, NC, 28428-4165
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $341K
- **Initial approval:** $341K
- **Forgiven:** $345K (101%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $341K
- **Utilities:** $1
- **Jobs reported:** 54
## Lender
- **Originating:** TransPecos Banks, SSB.
- **Servicing:** TransPecos Banks, SSB. (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*